Lettings Market Update Summer 2026

6 July, 2026

The lettings market has stabilised following the introduction of the first phase of the Renters Reform legislation in early May. While there was considerable speculation that the changes would lead to a significant number of landlords leaving the sector, this has not materialised. Supply and demand remain broadly balanced across Southampton, although rental values continue to show steady growth.

With rents continuing to increase, it is more important than ever for landlords to review their rental income on a regular basis. Annual rent reviews help ensure that properties remain in line with current market values. However, care must be taken when implementing increases, as the new legislation introduces additional considerations and potential pitfalls if rents are not managed correctly. We recommend reviewing your property's current market rent and making any necessary adjustments without unnecessary delay, as postponing increases could limit your options in the future. Our team is available to guide you through the process and ensure any changes are made compliantly.

At Field Palmer Lettings, we continue to believe there are excellent opportunities for private landlords who take a long-term approach. Investing in well-presented, well-maintained properties and providing a good standard of accommodation remains the key to attracting reliable tenants and achieving strong, consistent rental returns.

If you are thinking about becoming a landlord or expanding your property portfolio, please get in touch with Field Palmer Lettings Agents in Southampton. Our experienced team will be happy to discuss local market conditions, rental demand and the likely income your property could achieve. Call Field Palmer Letting Agents on 023 8071 0402 or email: lettings@fieldpalmer.com

Lettings Market Update Summer 2026

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