The London rental market continues to display signs of resilience, according to the latest Foxtons Lettings Market Report.

Property supply has expanded, easing concerns over landlord attrition, while pressure in historically overheated regions is beginning to ease.

There was a 5% increase in market supply of new instructions in April 2025, which drove the total increase in market supply of new instructions year to date at 9%.

With regards to demand, April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend usually seen at this time of year.

Average rental prices have edged upwards, suggesting landlords are cautiously rebuilding yields in response to previous margin compression

The average rent achieved in April 2025 increased by 3% to stand at £589 per week.

Commenting on the latest figures Foxtons managing director of lettings Gareth Atkins said: “April’s market data presents a unique challenge: a 5% rise in new instructions alongside a 3% decline in applicant demand. While these shifts aren’t dramatic, they further highlight the contrast between today’s environment and the much busier summer market of two years ago.”

Earlier this week ONS reported that private rents had risen by 7.4% on average in May to £1,335 a month, from a year ago.