New research confirms the emerging trend that tenant demand in the private rented sector is softening.
Pegasus Insight’s study – looking at Q3 2025 – reveals that 68% of landlords describe tenant demand as ‘strong’.
That’s down 11 percentage points year-on-year.
Overall, 30% of landlords say demand is ‘very strong, and 38% ‘quite strong’.
Some 5% report weak demand, underlining resilience across most of the market.
Landlords in the North East reported the strongest demand this quarter (71%), as in Q2, with the East Midlands the weakest (60%).
Voids increased this quarter, with 44% of landlords reporting an empty property at some point during the previous 12 months, up 7%.
A Pegasus Insight spokesperson says:
“Demand remains strong by historical standards, but we are starting to see a shift away from the exceptionally tight conditions of recent years.
“Affordability is now playing a bigger role in shaping behaviour on both sides of the market.”
This article is taken from Landlord Today