Propertymark’s latest rental market snapshot appears relatively upbeat.
Using data for October it reports that the number of member agents reporting problems with arrears decreased to just 1.7%. This is the lowest level since October 2022.
And some 52% of member agents reported that rents remained generally static, with 30% reporting an overall fall, and only 17% stating rents had increased.
Meanwhile on average there are six prospective tenants chasing each available rental property – a lower ratio than earlier in 2025.
Nathan Emerson, chief executive of the trade body, says: “It is particularly positive to see arrears reported at their lowest level since October 2022. This signals growing stability and resilience within the rental sector, even against a backdrop of long-term supply challenges.
“With more than half of agents reporting static rents and nearly a third observing modest declines, the data suggests the rental market may be beginning to find a more sustainable balance.
“Overall, these trends point to a market that is settling, strengthening, and gradually moving into a more predictable rhythm which is welcome news for agents, landlords, and consumers alike.”
And property commentator Phil Spencer – whose consumer advice service Move iQ is in a partnership with Propertymark – adds: “The reduction in arrears and the fact that most agents are seeing rents remain static, or even fall, will be particularly welcome.
“After several years of rapid increases, this shift offers a bit of breathing space and suggests affordability is improving in parts of the market.
“While challenges remain, the overall direction is encouraging. Consumers navigating the market today can do so with a little more confidence, knowing that conditions are stabilising and that opportunities exist for those prepared to act.”
This article is taken from Landlord Today