Asking rents across Britain have now fallen an average 2.2% says the Home website’s latest quarterly index.
The national growth figure is in the red due mainly to the performance of London, but now there are falls in Scotland, Wales and all English regions except the East Midlands and the North East.
Only 11 of the 33 London boroughs indicate asking rent growth and two of those are below the 1% mark. In Kensington borough, rents are down by 8.6%.
On the sales side, Scotland and the South West indicated the largest price falls.
Annualised home price growth across England and Wales continues to be well below the level of inflation at just 0.8% overall. Home estimates that real growth currently stands at -4.7%.
The unsold sales stock count for England and Wales remains very high and is currently the largest September reading since 2013. This surfeit of property is putting severe downward pressure on pricing.
Supply of new sales properties entering the market during August 2025 is 11% higher than in August 2023 but 3% lower than in August 2024. Demand continues to outpace supply.
The North West is the top regional property market growth leader with a year-on-year gain of 3.7%, followed by Yorkshire at 3.5%.
London is now the worst regional performer with an annualised loss of 0.5%.
Home says sales market momentum remains elevated although this heightened throughput is not enough to significantly reduce the unsold stock total. Typical Time on Market is currently three days higher than in September last year and looks set to rise further.