As the Renters’ Rights Act comes into force on 1st May, the UK lettings market is entering a more balanced phase after several years of intense pressure.
Recent data shows that average rents rose by 1.8% annually, with March seeing the first monthly increase since October 2025. At the same time, rental supply has improved, with the number of homes available to let up by 3% year-on-year and now at its highest level for this time of year since 2021.
While tenant demand has eased slightly compared to last year, it still sits above pre-pandemic levels, keeping the market active and competitive.
What does this mean locally?
Here in St Albans and Harpenden, we are seeing a similar trend.
Stock levels are gradually improving, giving tenants more choice than they’ve had in recent years. However, well-presented, realistically priced homes continue to let quickly, particularly in sought-after school catchments and commuter-friendly locations.
Andrew Bradford, Partner at Bradford & Howley, comments:
“We’re starting to see a more balanced lettings market emerge locally. There’s a little more choice for tenants than there has been, but demand is still strong for quality homes in the right locations. For landlords, it’s less about simply listing a property and more about getting the pricing and presentation exactly right.”
Preparing for the Renters’ Rights Act
With legislative changes just around the corner, many landlords are taking the opportunity to review their portfolios and ensure they are fully prepared.
“With the Renters’ Rights Act coming in, it’s more important than ever for landlords to be properly advised,” Andrew adds. “Working with an experienced, regulated agent helps ensure everything is compliant, while also making sure you’re achieving the best possible return in a changing market.”
A more balanced market ahead
The current data points to a market that is rebalancing rather than slowing down.
For tenants, that means slightly more choice.
For landlords, it means a shift towards strategy over speed.
And for both, it signals a more stable footing as we move into the next phase of the rental market.
Thinking of letting your property or reviewing your current rental?
Our experienced team in St Albans and Harpenden would be happy to help you navigate the changes ahead.