Welcome back to another episode of Stentons Property blogs where this week we’ll be delving into the rise in the property rental figure for the fourth consecutive month!

It’s hard to believe we’re already seeing the fourth consecutive month of rental price hikes.

On the one hand, rising rents are a clear sign of demand. Tenants are out there, still determined to find the right place to call home. It’s a testament to the enduring appeal of property as a safe haven — even amid the uncertainties we’re all feeling these days.

But it’s also a reality check. For landlords, there’s relief in seeing steady returns after a period of uncertainty during the pandemic and early 2020s market wobbles. For tenants, though, it’s a tougher pill to swallow. With every percentage point increase, the rental budget stretches just a little thinner.

This month’s figures — up 1.5% nationally, with some hotspots seeing nearly double that.

Here’s what’s really striking: these rent rises aren’t confined to the usual suspects like London or Manchester. Smaller cities and even traditionally “cheaper” commuter towns are feeling the squeeze too. Supply just isn’t keeping up with demand, and that’s driving up prices.

For those of us watching from the landlord side, it’s an opportunity — but it comes with a responsibility. Rental increases can’t just be about profit. They have to be balanced with the reality that tenants are facing cost-of-living pressures across the board.

So, what does this mean for the coming months? My hunch is that unless we see a significant boost in rental supply or a cooling in demand, we’ll probably see this trend continue. As always, if you’re a landlord, it’s worth thinking about your long-term plans — can your property stand out for the right reasons, even in a competitive market? And if you’re a tenant, stay informed and proactive. It’s still possible to find value and stability, but it might take a little more strategy than in calmer times.

Let us know how you’re seeing things in your area — is the rental surge affecting you, or are you noticing a different trend altogether? We’re always up for a chat to help you navigate the property world as it twists and turns.

Until next time, happy house hunting!