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Cornwall Lettings Market Update – August 2025

National Rental Market Overview

According to the Office for National Statistics (ONS), the average UK private rent increased by 6.7% in the 12 months to June 2025. While this marks a slight slowdown compared to previous months, rental prices remain high, reflecting strong demand and inflationary pressures.

Cornwall-Specific Rental Insights

In Cornwall, the rental market reflects national trends with some unique regional characteristics:

  • Average Rent: £966 per month in June 2025, up from £896 in June 2024 — a 7.8% annual increase.

  • Tenant Demand: Coastal towns like Truro and Falmouth continue to attract high enquiry volumes. Increased property listings are giving tenants more choice and landlords more applicants.

Our Take on the Cornwall Lettings Market

At Philip Martin Lettings, we see a resilient market with opportunities for both landlords and tenants:

  • Tenant Expectations: Tenants want value for money and quality living spaces. Properties that meet these expectations attract more interest and longer-term tenants.

  • Landlord Considerations: Well-presented, fairly priced properties perform best. Realistic rental pricing and regular maintenance are key to maximising income and reducing void periods.

  • Market Outlook: The market is stabilising, with modest rental growth expected. Balanced supply and demand create a positive environment for both landlords and tenants.

Thinking of Letting or Renting in Cornwall?

Whether you’re a landlord looking to maximise your rental income or a tenant searching for the perfect home, Philip Martin Lettings is here to help. Our expert team combines local knowledge with personalised service to achieve the best results.

???? Call us today on 01872 242 244 or get in touch here to discuss your needs.

  • Landlords: Book a free, no-obligation rental valuation and find out how we can help you attract quality tenants and maximise your rental return.

  • Tenants: Browse our latest rental properties in Cornwall to find your next home.

Figures in this article are drawn from the August 2025 Rightmove House Price Index and the latest ONS housing data for Cornwall.

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Read What Our
Customers Say

"

The team at Phillip Martin have been second to none in both the letting and sale of our property. Communication has been superb throughout and advice thoughtful and constructive. They listened with care and guided us through the process with a friendly approach. We would highly recommend. A particular mention to the professionalism and warmth of both Holly and Aaron.

"

Great service start to finish from everyone I dealt with. Calls always returned, regular updates along the way. Elowen in particular went the extra mile helping to find an independent removal company when mine could not make the revised date. Very friendly & professional I really feel they helped keep everything moving.

"

James and his team handled a complex sale (house and adjacent land owned by a third party) with great professionalism and innovation and determination to secure our sale. He was also cognisant of our time scales in that we had not secured an onward purchase or rental property. James is an extremely approachable agent who always worked with us to successfully achieve our goals and certainly went ‘the extra mile’ when required. We cannot recommend him highly enough.

"

"We were so pleased with all the correspondence with Phillip Martin and you all certainly delivered a very professional and friendly service. We would particularly like to thank you for all your personal correspondence. It went above and beyond and we are truly grateful.  As I mentioned before we have only ever bought two houses and they were both through Phillip Martin. We will certainly use you guys in the future!"

"

Very efficient and personable service helped us find a perfect place. Trustworthy and effective. Thank you.

"

I recently sold a property through Philip Martin. The agent used throughout was Sean. He was knowledgeable & well informed and happy to answer any questions or queries. Then as we negotiated on the sale and proceeded through to completion he was always very quick and precise in communicating any updates. Highly recommended.
How Much is Your Property Worth?

How Much is Your Property Worth?

To find out how much your property is worth in the current market, get in touch with us today!

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