Lettings Market Update Winter 2024

22 January, 2025

The UK lettings market continues with the same trend we witnessed throughout last year, maintaining high demand coupled with limited supply, which has led to rents reaching all-time highs, further solidifying the market's resilience. This sustained demand enables landlords to secure quality tenants quickly, with void periods remaining low.

As new legislation fast approaches, it has never been more critical for landlords to ensure they have the right tenant in place. The upcoming Renters (Reform) Bill and other regulatory changes are set to significantly affect the lettings landscape, including the abolition of Section 21 evictions. With these reforms, it’s more important than ever to work with a knowledgeable letting agent who can help navigate changes such as rent caps, tenant protections, and the overall management of rental properties. Ensuring full compliance with these new regulations is crucial to safeguarding your investment and avoiding potential legal pitfalls.

By partnering with the right professionals, landlords can not only streamline the leasing process but also ensure long-term security in an ever-evolving market.