London saw 45,000 more search enquiries for houses to rent among British tenants, a 13% increase, but international demand dropped 21% with 50,400 fewer searches.
Rental demand has dropped by 20% over the last year, reaching the lowest level for six years as net migration fell by 78% between June 2023 and June 2025.
Landlords and property investors are the most directly affected by the Autumn Budget, with slightly higher tax on rental income and frozen tax thresholds.