Property mark’s latest rental market snapshot presents a cautiously optimistic picture.

Based on data from October, the trade body reports that just 1.7% of member agents experienced rental arrears during the month, marking the lowest level recorded since October 2022.

The report also indicates that rents are showing signs of stabilisation. A majority of agents (52%) said rents remained broadly static, while 30% reported an overall decrease. Only 17% noted rent increases. Demand pressures have also eased slightly, with an average of six prospective tenants registered per available rental property, a lower ratio than earlier in 2025.

Nathan Emerson, Chief Executive of Property mark, said: “It is particularly encouraging to see arrears at their lowest level since October 2022. This points to increasing stability and resilience within the rental sector, despite ongoing long-term supply challenges.

“With more than half of agents reporting static rents and almost a third seeing modest reductions, the data suggests the market may be moving towards a more sustainable equilibrium. Overall, these trends indicate a sector that is settling, strengthening and becoming more predictable, which is welcome news for agents, landlords and consumers alike.”

Property commentator Phil Spencer, whose consumer advice platform Move iQ partners with Property mark, added: “The reduction in arrears, alongside reports that rents are largely stable or even falling in some areas, will be particularly welcome.

“Following several years of rapid rental growth, this shift provides some much-needed breathing space and suggests affordability is beginning to improve in parts of the market. While challenges remain, the overall trajectory is positive and should give consumers greater confidence as conditions continue to stabilise.”