The new platform also acts as a free to use portal, providing another space to advertise in addition to the existing portals within the rental market space today.

Research from OnTheMarket has found that there are tentative signs that the rental market, which has been booming for such a long time, may be slowing in some areas.

Rental yields remain almost universally positive, with just one region in England and Wales recording a year-on-year fall.

As well as rising rents, March also saw an increase in void lengths, rising to 21 days from 20 in February.

Foxtons' latest data shows that the average rent now stands at £557 per week in the capital, slightly higher than in 2024.

The warning comes amid a highly competitive rental market with data from Zoopla showing that there are now an average of 12 renters chasing every available home to rent.

62% of households currently rent in the UK's most popular city for tenants.

The percentage of disputes involving rental arrears has risen to the highest levels seen in over five years.

Rents are growing fastest in more affordable cities like Blackburn, Stoke, and Rochdale according to Zoopla's latest data.

February also saw voids decreasing across all regions monitored by Goodlord.