London saw heightened rental activity in June, with applicant registrations rising 21% month-on-month, according to the latest figures from estate agent Foxtons.

Supply in the capital surged to its strongest level in four years, with almost 45,000 new listings recorded in June, an 18% increase on May 

Average weekly rent climbed 1% from May to stand at £593 per week, significantly ahead of June 2024.

Central London recorded a 4% uplift in registrations versus June 2024, and North London was up 5%. East London dipped by 6%, while South and West London, were down by 15% and 22% respectively year-on-year.

New applicant registrations per instruction, a key gauge of market competitiveness, has become more stable throughout 2025. Notably, the East and South regions have experienced the largest softening in competitiveness year-to-date, as flat demand meets rising supply.

Listings in the first half of 2025 were 13% higher than the same period in 2024, suggesting a return to a more typical market cycle and delivering enhanced choice for renters.

Commenting on the latest figures Foxtons managing director of lettings Gareth Atkins said: “The London lettings market showed strong signs of stability in June, with applicant numbers rising 21% from May and new listings at their strongest level in four years. This increase in supply is helping to ease pressure on renters, as seasonal demand increases, and with more applicants in the market, good landlords will see strong demand across the capital.”

He added: “As we move into the summer, we expect this healthy balance between supply and demand to continue, offering more choice for renters and a stable and predictable environment for London’s landlords.”