Rental Market update: Stability returns, demand still strong 💪
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📈 Rental market stays strong — but growth is moderating according the latest quarterly report from Rightmove 📊
🔹 After several years of rapid rental growth, the market is entering a more measured phase.
🔹 The market has not weakened. It has matured.
🔹 Rents are holding firm and annual growth continues
🔹 Average advertised rent outside London remains at £1,370 pcm
🔹 Rents are still +1.6% higher than this time last year
Rents have stabilised short term, but remain higher year-on-year 📈
🔸 Supply increases, but no oversupply
🔸 Number of available rental homes is +3% higher than a year ago
🔸 This is the highest level for this time of year since 2021
🔸 No surge in new listings ahead of the Renters’ Rights Act
🔸 This is not a flooded market, it is simply a more balanced one.
Demand remains strong, just more realistic
🔹 Average of 8 enquiries per property
🔹 Down from 11 last year and 29 at peak
🔹 Still above the pre-pandemic average of 5
🔹 The intensity has eased, but demand is still firmly in place.
Pricing accuracy is now critical
🔸 26% of listings reduced in price
🔸 Highest level since 2012
🔸 This is not about falling rents, it is about correct pricing.
🔸 Well-positioned properties continue to let, overpriced ones are adjusted.
What this means for landlords in Nottingham
🔹 The market is still active
🔹 Tenants are still moving
🔹 But expectations are more aligned with affordability
🔹 Correct pricing leads to faster lets
🔹 Presentation and marketing matter more
🔹 Tenant quality and retention become key
🔹 This is a shift from speed-driven letting to strategy-driven letting.
What this means for tenants
🔸 Tenants now have slightly more choice than in recent years.
🔸 Competition still exists for well-presented homes
🔸 Desirable properties continue to let quickly
🔸 Market rents remain higher than last year
🔸 This is not a “cheap rent” environment, it is a more structured one.
Thinking about your rental property in Nottingham?
Cavendish Residential can help you:
✅ Understand the current achievable rent
✅ Position your property correctly in today’s market
✅ Minimise void periods and maximise tenant quality
✅ The rental market is not certainly not slowing, it's evolving
✅ We'll make sense of it all for you, so that you stay ahead
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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