Some tenants ‘better off moving home than renewing contract’

Significant slowdown in rental growth in Britain, with the annual increase in rents averaging just 1.0% over the 12 months to February 2025—the slowest rate since September 2020. London led this decline, where newly agreed rents dropped by 2.8%, and Inner London rents fell by 5.1%, putting them 9.4% below their peak last year. This shift means it can now be cheaper for tenants in Inner London to move to a new property than to renew their current lease. Nationally, while renewal rents rose by 5.6%, they remained £93 per month lower on average than the cost of moving into a new rental property. The article emphasizes this trend of falling rent prices, particularly in London.