Rental market back ‘in full swing’

The rental market has returned to “full swing” from the pandemic low as stock levels have plummeted from this time last year, with just 64,839 rental properties listed across 21 major UK cities, according to numbers shared by Octane Capital. Pre-pandemic levels of available rentals sat at just over 80,000, which rose to 96,000 in January 2020. This hit a high of more than 171,000 at the end of that year, representing a 107% increase, before cooling in the end of 2021. Stock levels fell to 145,000 by this time last year, and are now under 65,000. Octane Capital said "there is now a shortage of suitable rental stock to meet this returning demand. As a result, we’re seeing sharp growth in rental incomes.”

City A.M.