The average rental costs in England reached a new high in July, according to the Goodlord Rental Index.
The index, which has been following the contracted rental prices of new rental contracts in England for more than six years, shows that the average monthly price of a rental homes in England last month was £ 1,496.
The last digit breaks the previous rental record, set in July 2024 of £ 1,470.
It also discovered that the rental prices of the month on the month increased by 18.3% compared to June.
Goodlord explains that the question is being raised by student in July, let’s change the owner, graduates move to new cities and families who want to protect a house before the new school term.
On a regional basis, rental costs in the northwest increased by 42%, while residents of the Southwest saw 34%increases in average rental prices and those in the northeast with an increase of 27%.
The smallest increases were found in larger London by 4%, followed by an increase of 6% in the southeast.
In general, tenants in England who have secured new property in July pay £ 231 per month or 2,772 per year, more than tenants who have obtained a new rent in June.
Goodlord, however, suggests that the latest figures indicate that the market can approach the stability of the rental price.
During 2025 so far, the rental inflation has decreased steadily on an annual basis.
In July, prices increased by 1.8% compared to the same time a year ago, while February on the year on the year on the inflation of the year was registered with a much higher rate of 4%.
Elsewhere, the index showed that the average invalid period shortened from 20 days in June to 12 days in July, which represents a 40%reduction.
This is only slightly higher than the invalid periods that were recorded at the same time last year when they reached 11 days.
In a commentary on the figures, Goodlord Chief Executive William Reeve says: “Throughout the year the data points to two clear trends: firstly, we would probably see new rental records in the summer and second, that the year-on-year pace of price increases in general is starting to slow down.”
“This month’s figures show that both predictions that come by. During six years of operating the index, we have never registered a higher monthly rent average.”
“Likewise, every month from 2025, a softening of the rental inflation brought on an annual basis. So although the market continues to work under intense pressure, the late fall could bring a little more predictable in terms of rental prices and incredories.”