A more balanced Rental Market: what Landlords need to know ✅
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Rightmove Rental Market Report – Q2 2026: Key Market Insights (with a Nottingham lens) 🔍
Rental market is balanced ⚖️
💠 Rents continue to reach new record levels, but the market is becoming more balanced for both Landlords and Tenants.
💠 The average advertised rent outside London has reached a new record of £1,397 per calendar month.
💠 This represents quarterly growth of 1.9% and annual growth of 2.3%.
💠 London has also reached a new record average advertised rent of £2,791 per calendar month.
💠 Annual rental growth remains well below the double-digit increases experienced during 2022 and 2023.
💠 Affordability continues to influence the pace of rental growth as Tenants become increasingly price conscious.
Supply has tightened once again ❇️
One of the most notable findings in this quarter's report is that the number of rental properties available has fallen for the first time since 2022.
🔸 The number of homes available to rent is now 1% lower than this time last year.
🔸 This appears to be driven by fewer new properties coming onto the market rather than homes letting significantly faster.
🔸 Despite this, today's market remains considerably more balanced than during the post-pandemic rental surge.
🔸 Supply remains lower, but competition has eased from the extreme levels seen a few years ago.
Demand remains healthy 🧑⚕️
💠 Demand for quality homes remains strong.
💠 The average rental property now receives 10 enquiries.
💠 This compares with 11 enquiries at the same time last year.
💠 During the peak of the market in 2022, the average property attracted 22 enquiries.
💠 Before the pandemic, the average was around 5 enquiries per property.
💠 The market has become more balanced, but demand remains comfortably above historic levels.
Regional differences remain important 📍
🔸 Northern regions continue to record some of the strongest rental growth.
🔸 The North East and North West both recorded annual rental growth of 4.1%.
🔸 By comparison, the East Midlands recorded annual growth of 1.5%.
🔸 This reinforces the importance of understanding local market conditions rather than relying solely on national headlines.
Mortgage costs show signs of easing 📉
💠 There is also encouraging news for buy-to-let investors.
💠 The average two-year fixed buy-to-let mortgage rate has fallen to 5.55%.
💠 This is down from 5.67% last month.
💠 While rates remain above last year's level, borrowing costs are beginning to ease.
💠 Greater stability is helping Landlords plan with more confidence.
What this means for Nottingham Landlords 🤷
🔸 Demand for well-presented rental homes remains healthy.
🔸 Record rents do not remove the importance of accurate pricing.
🔸 Today's Tenants are taking more time to compare properties before making a decision.
🔸 Professional photography, excellent presentation and realistic pricing continue to generate the strongest interest.
The Cavendish perspective 👀
🌸 The rental market has matured.
🌸 It is no longer the exceptionally competitive environment experienced during 2022.
🌸 That is good news for both Landlords and Tenants.
🌸 Landlords continue to benefit from healthy demand and strong rental values.
🌸 Tenants have a little more opportunity to compare homes before committing.
🌸 Success today comes from launching a property in excellent condition with an evidence-based rental valuation.
Thinking of letting your Nottingham property? Cavendish Residential can help you:
💠 Understand exactly what your property could achieve in today's market.
💠 Compare your home against similar properties currently available.
💠 Develop a pricing strategy designed to attract high-quality Tenants.
💠 Minimise void periods through professional marketing and proactive property management.
Wouldn't it be good to know the rental value of your home in today's market? Contact Lisa (lisa.dahl@cavendishproperty.co.uk) for an up-to-date valuation (or complete the form opposite ➡️).
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential 📸
☎📧🗨
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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