The London lettings market continues to show resilience, with March 2025 seeing a 14% increase in new rental listings across London compared to February according to Foxtons.

New supply remained broadly flat, up just 1%, whilst average rents in March stood at £565 per week, reflecting a 2% year-on-year increase.

Gareth Atkins, Managing Director of Lettings at Foxtons, said: “The London lettings market is gaining momentum, with March delivering a 14% surge in new listings – the largest uplift so far this year. Simultaneously, applicant registrations climbed 11%, reflecting strong seasonal interest and sustained confidence among renters. With more choice coming to the market, renters are well-positioned this spring. At the same time, the steady flow of listings is helping to keep conditions balanced across much of the capital, creating a more stable and competitive environment for everyone navigating the market.”

March saw an 11% month-on-month rise in applicant registrations, in line with seasonal trends. Demand was stable year on year, tracking just 2% below March 2024 levels, with Central London recording the strongest growth, with a notable uplift in applicants compared to last year. 

Competition dipped slightly in March, with an average of 12.6 applicants per new rental instruction - down 4% from February.

Foxtons year to date key market indicators