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    Rents fall annually for first time in 15 years: Typical new tenant now pays £10 less a month
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    Rents fall annually for first time in 15 years: Typical new tenant now pays £10 less a month


    Rents fall annually for first time in 15 years: Typical new tenant now pays £10 less a month

    https://www.thisismoney.co.uk/money/buytolet/article-15470117/Rents-fall-annually-time-15-years-Typical-new-tenant-pays-10-month.html

    Posted by Dimmo17

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    42 Comments

    1. foodieshoes on

      Wow, a whole £10/month less! That’ll undo all those £50/month rises year-on-year rises tenants typically expect through the post on an annual basis.

    2. jasonbirder on

      Hehe I knew I’d look at the responses and they’d all be explaining how this isn’t actually any good (rents falling)

    4. Dimmo17 on

      The first ever record fall in rental price index since 2011, whilst median wage increases are around 4% and all people will do is moan!

    5. Jo3Pizza22 on

      What’s with all of these comments. Of course £10 a month is not making a meaningful difference to anyone, but this is good news. Would you rather average rent had increased again?

    7. parkway_parkway on

      I think we may be at the peak.

      Birthrates have been low and crashing for a while.

      Immigration is falling.

      The economy is completely boned.

      House prices are high as a multiple of wages.

      I think it’s quite possible house prices and rents will rise slower than inflation for quite a while now and the whole market will deflate. It feels hard to imagine a huge run of house price appreciation.

      In real terms house prices are back to where they were at in 2006 (though that’s mostly because everything else got expensive too, they’re still much costlier compared to wages).

      The future is totally impossible to predict, and imo the main drivers of rent and house prices are going to stall out.

    8. SubjectCraft8475 on

      Where i live in the midlands rents have gone down around £100-£200. Basically a 3 bedroom house is around £1100 – £1200. When t was around £1200-£1300. Seen someone advertise recently for £1300 where ut use to be easy to get to then drop down to £1150 with new tennants.

      I think this is mainly due to many foreign students no longer coming to the UK who bring their families. Usually the type of people who use student visas with an intention to work here and then settle.

    10. Only_Quote_Simpsons on

      My flat was £710pm, then £770, then £830.

      I handed in my notice and purchased a home, the landlord relisted the property for £970pm. It was quickly snapped up by someone.

      Rent is so expensive, I appreciate that landlords have costs, but a lot of it is just greed.

      It also didn’t help that the rent increase always took effect in December every year, it made the whole thing feel even more impersonal.

      I am glad I have a better paid job now, if I was on minimum wage, I would never escape the rent trap.

    12. Ok-Good3636 on

      I guess that’s of course because of the brexit and the fact that back then were people coming in the country to work and now they only leave?

    13. sulphurwind on

      My SW London rent has consistently increased each year by £75 or £100 each year and no negotiation to reduce it. Alas it matches “market value”, which basically means – to me – landlords are all increasing so anyone that doesn’t raise is below value.

    14. 50_61S-----165_97E on

      Will somebody not think of the poor landlords? How else are they going to afford their second yacht without the usual 10% rental increase??

    15. Haliucinogenas1 on

      For the past 5 years my rent was increasing steadily 120£/months. Thank YOU so much for 10£ off. I could not live without it

    21. Legendofvader on

      Based on data from the [Office for National Statistics (ONS)](https://cy.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/april2024), the sharpest annual increase in private rental prices for homes in the UK occurred in **2024**. 

      Key details regarding this peak include:

      * **Record High:** Average UK private rents increased by **9.2%** in the 12 months to March 2024, which represented the highest annual percentage change since the data series began in January 2015.

      Based on this some people just figured out they hit the rental ceiling. Give it a year and we will be back to record breaking rental rises.

      Still some small relief for some.

    23. xParesh on

      On the face of it good news until you realise more people are just living with their parents for longer and we’ve had a mass of people leaving the UK, especially in London that’s freed up supply.

    24. ExileNorth on

      Nice.

      Now watching zero people care as it doesn’t fit the “brrrrrr labour bad” narrative

    25. CaptainHindsight92 on

      I wonder how this was calculated, I don’t know a single person whose rent has gone down. I know that is anecdotal but I have been looking at rentals in multiple cities and there also doesn’t seem to be an abundance of cheap quality rentals and the idea that landlords are en masse reducing their tenants rent seems so implausible that I can only imagine the measurement method has changed.

    26. ActivePalpitation980 on

      jeez fucking nerve on that article. 10 quids less makes a headline but people who are forced to work less then minimum wage in london that can’t turn on their heating is ignored. fuck capitalism, feudalism and landlords.

    28. TechSupportJT on

      I live in a particular kind of house at the end of my road. There are another 11 abodes just like mine.

      Between summer and now, three of those have been vacated, and gone on Rightmove for £1,195, £1,300, and £1,250 each. I currently pay £1,100 in rent – and I think that’s a bit much for what I’m getting.

      £1,195 and £1,300 stayed vacant for months before going on sale. They have now been sold but are still vacant. I’m enthusiastically waiting for the landlord of £1,250 to give up and put his up for sale or lower the rent.

      When my lease comes up for renewal in April, if they try to put my rent up, I will be providing the lettings agents with the evidence I’ve gathered for these three houses. Hopefully by then the third one has given up and put up for sale.

      If he’s happy to roll the dice on being the fourth landlord trying to increase rent in this set of houses, he can be my guest – his options are to accept my £1,100, or to risk going for months of void period trying to get more.

      It’s quite empowering as a tenant.

      EDIT: £1,250 has been reduced to £1,225!
      Added on 27/12/2025 – so almost a month of void period!

    33. RetroRocker on

      I guess I must be atypical in more ways than one then, seeing as my rent has been increased by +£50pm every year for the last five years like fucking clockwork

    34. RoastedPotato-1kg on

      how stupid are y’all complaining, then let’s increase it 50£p/m that will help 

    36. CharmingCatastrophe on

      Rent shouldn’t be able to be increased unless the house it’s self is renovated somewhat..how does it make sense to increase the rent of someone because the landlord feels like making more money when the person renting has had increases in everything else? I would say £10-30 increase is fine but anything over that should come with some sort of improvement to the house.

    37. Dangerous_Ad5073 on

      £10 less a month is better than a kick in the balls, take it when you can get it no point moaning about what’s already been done, it ain’t gonna change the past.

    38. steaknsidneypi on

      Seems to be happening in a few places. Almost like incessant rent increases without limit forever is unsustainable..

    39. sausagemouse on

      I was renting places between 2002 and 2015 don’t think I ever experienced rent reducing

    40. NegotiationWeird1751 on

      Interesting. These studies have to be bullshit surely. I pay the same amount of rent now for a room in a house share. 15 years ago the same amount was for a 3 bedroom flat.