The number of former rental properties being sold by estate agents is on the rise as a proportion of the market, it has been revealed, suggesting strongly that more landlords are leaving the market.
Gloucester was the fastest moving rental market last month where the average property was let within 14 days of being advertised.
The capital’s rental market continues to show signs of slowing down, with prices rising by just 1% year-on-year in May while the number of viewing request per property has dropped too.
Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.
I received 84 private messages in 24 hours to one advert for my property in the northeast - it's a stark indication of how demand is outstripping supply.
Two-thirds of landlords have experienced rising demand for private rented housing - but one-third plan to cut the number of properties they rent.
One in five tenants has lost out in a property bidding war during the last two years, with those in London, Southampton and Brighton facing the toughest competition.
