The newest Goodlord Rental Index experiences that final month, the typical price of lease in England reached an all-time excessive.
The index has tracked new tenancy contracts throughout the nation since January 2019 and its July 2025 figures present a nationwide common lease of £1,496 for the month.
This surpasses the earlier document of £1,470, set in July 2024, and displays widespread lease rises throughout many areas – some being significantly steep.
The July 2025 common is an 18.3% rise from the earlier month which equates to £231 extra per thirty days (£2,772 yearly) than those that signed contracts in June. This repeats the same surge in demand between June and July 2024.
July stays a very energetic month, with established education-related causes – discovering the best residence earlier than the brand new tutorial 12 months begins, undergraduates searching for properties close to their school/college, and postgraduates shifting nearer to new locations of labor.
There’s additionally the marked shift ensuing from the pandemic, the place the tip of lockdown noticed a pointy spike in exercise leading to extra tenancy renewals now happening in summertime.
Regional month-on-month will increase within the July 2025 fluctuate dramatically. Rents within the North West surged upwards by 42%, whereas the South West recorded a 34% bounce. Within the North East, common rental costs rose by 27%. The bottom month-to-month will increase had been in London, up by 4%, and the South East, rising by 6% rise.
On a year-to-year foundation, annual lease will increase have been shedding momentum all through 2025. The newest year-on-year rise stood at 1.8% (from £1,470 in July 2024 to £1,496 in July 2025). The annual rise in February 2025 was significantly larger at 4%. Regional year-to-year figures for July 2025 vary from slight annual decreases within the East Midlands and South West (1% and 1.6% respectively), whereas the West Midlands is highest (over 6%), adopted by Better London (practically 5%).
In the meantime, void intervals additionally dropped sharply in July 2025, with the typical time a property standing empty between tenancies fell from 20 days in June to 12 days in July – a discount of 40% and near that of July 2024 (11 days). Notable regional performances embrace the North West (falling from 22 days in June to simply 5 days in July, a 77% lower), the North East (from 20 days to seven, a 65% drop). In Better London, the change in voids was extra modest, falling from 16 days to 14.
William Reeve, chief government officer of Goodlord, commented: “Throughout six years of working the Index, we’ve by no means recorded a better month-to-month rental common. Likewise, each month of 2025 has introduced a softening of year-on-year lease inflation. So while the market continues to function underneath intense strain, the late autumn might carry one thing extra predictable when it comes to rents and voids.”
He added: “All year long, the information has been pointing to 2 clear tendencies: firstly, that we had been prone to see new rental information set over the summer season and secondly, that the year-on-year tempo of worth will increase total is beginning to gradual. This month’s figures present each predictions coming to move.”
