As the Renters’ Rights Act continues to reshape the lettings market, South West London renters are placing more focus on stability and longer-term living.
Despite economic uncertainty continuing to influence household finances across the country, demand in the local rental market remains resilient.
With the abolition of Section 21, which allowed landlords to end tenancies without giving a reason, many tenants are becoming more deliberate about where they live, choosing homes that can support them for several years.
Lower tenant turnover could create a more stable income for landlords over time.
Meanwhile, tenants who are planning a move are taking a more considered approach, typically viewing more properties before making a decision.
“Tenants who want to relocate are thinking much more carefully about suitability before making a move,” says Myles Moloney, Regional Director of Chase Buchanan.
“With the Renters’ Rights Act providing greater support, renters want stability, flexibility and homes that genuinely fit their lifestyle and day-to-day routine long term.”
And while recent data from the Royal Institution of Chartered Surveyors (RICS) suggests tenant demand continues to outpace available rental stock across many parts of the UK, South West London remains an active market.
Rental enquiries at Chase Buchanan suggest customers are increasingly looking for homes that offer a better balance between commuting, outdoor space and flexible living arrangements.
Locations close to green space, good schools and strong transport connections continue to perform particularly well, especially amongst professional tenants and families.
“With hybrid working now firmly established for many people, tenants are spending more time at home and becoming more selective about the type of property they choose,” says Myles.
“Well-presented homes that are ready to move straight into continue to attract stronger levels of interest, particularly when landlords are realistic on pricing and responsive throughout the process.”
As renters become more selective and historic tenancies move into periodic agreements, Chase Buchanan offers landlords clear, practical advice around pricing, compliance and tenant suitability.
“Tenants are asking more questions and taking more time to assess whether a property genuinely works for them,” says Myles.
“For landlords, having access to a strong pool of suitable tenants and the right guidance throughout the process can help create more stable tenancies and more consistent rental income over time.”
Adds Myles: “The market still feels active, but both landlords and tenants are taking more time over decisions.
“People want clearer communication, realistic expectations and a smoother process from start to finish, particularly when moving costs remain high.”