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UK Rents Stall Outside London as Market Cools and Landlords Cut Prices

Rightmove cites softer demand, more tenant choice and affordability limits.

Overview

  • Rightmove’s latest index shows average advertised rents outside London were flat at £1,370 between late 2025 and early 2026, the first start‑of‑year pause since 2017.
  • As a contrast to the wider slowdown, London’s average asking rent in the first quarter edged up 0.7% to £2,736 per month.
  • Price cutting has become more common, with 26% of rental listings reduced, the highest share for this time of year since Rightmove began tracking in 2012.
  • Tenant interest has cooled, with the typical listing now drawing eight enquiries, down from 11 a year ago and well below the 2022 peak of 29.
  • Despite the pause overall, Rightmove named ten hotspots with sharp annual rent jumps led by Iver at 21.8%, with Paisley the only Scottish entry at 14.5%.