Rental market ‘no longer at peak boiling point but it remains at a very hot simmer’

'Renters may need to change tactics in the coming year, setting aside more time for their property search and preparing to move fast when they see something they like,' says Foxtons.

Foxtons saw small increases in both rental supply and tenant demand last month.

'Landlords must adapt' to new marketing conditions, warns Foxtons, while Chestertons suggests London landlords have 'little option but to start reviewing their prices.'