Fifth consecutive year that rents rise

Rents were up by 4.6% year-on-year in January 2025, according to the Goodlord Rental Index. They ended the month at £1,207 per property, on average. This is up from the £1,154 recorded a year ago, in January 2024. This 4.6% boost is an acceleration in the pace of annual rent rises compared to recent months. In December, the Index recorded a more modest 3.3% year-on-year rise. Looking at month-on-month figures, rents across England rose from £1,185 in December to £1,207 in January – an increase of almost 2%. This is the fifth consecutive year when rents have risen between December and January. A new analysis by Goodlord compared the advertised rental averages published as part of the Rightmove Rental Price Tracker with the confirmed rental prices monitored by Goodlord Rental Index. This has shown that the average confirmed cost per property during the last quarter of 2024 could be up to 20% cheaper than advertised costs for tenants outside of London.