Landlords return as rental stock lifts in wake of market restrictions easing

In the wake of last week’s ease of property market restrictions, the number of rental properties hitting the market surged by as much as +44% in some UK cities as landlords returned and letting agents were able to resume business.

Howsy’s research analysed the number of available rental properties listed across the major portals the day after lockdown restrictions were eased across the UK property market, before comparing this to the number of properties listed in April.

The figures show that across 23 major UK cities, the number of rental properties now available to UK tenants has seen an immediate uplift of 5% on average. This increase has been driven by just seven cities, while the rest have seen further declines in rental stock levels.

The largest increase based on the sheer number of properties has been in London, with an additional 6,838 immediately hitting the portals, an increase of +15%.

In terms of percentage increases, Edinburgh has seen the largest influx with an uplift of +44%.

Cambridge has seen rental stock bolstered by +19%, with Aberdeen (+16%) also registering a double-digit increase.

Glasgow (+6%), Oxford (+5%), and Manchester (+0.2%) have also seen a lift in rental stock levels.

However, other cities are yet to see a knee-jerk market recovery, with Bristol seeing stock levels fall by -22% since April. Bournemouth (-17%) and Plymouth (-17%) have also seen some of the largest declines.

City
Total listings (April 2020)
Total listings (May 2020)
Total listings change
Total listings change (%)
Edinburgh
1,747
2,521
774
44%
Cambridge
679
810
131
19%
Aberdeen
1,084
1,256
173
16%
London
46,621
53,459
6,838
15%
Glasgow
1,591
1,690
100
6%
Oxford
1,385
1,460
76
5%
Manchester
5,149
5,160
11
0.2%
Birmingham
5,216
5,184
-33
-1%
Cardiff
2,642
2,508
-134
-5%
Newcastle
4,020
3,805
-216
-5%
Liverpool
3,393
3,164
-229
-7%
Swansea
1,281
1,188
-93
-7%
Belfast
26
24
-2
-8%
Portsmouth
1,034
943
-92
-9%
Southampton
2,888
2,619
-270
-9%
Nottingham
2,058
1,846
-213
-10%
Sheffield
3,127
2,797
-331
-11%
Leeds
5,794
4,981
-813
-14%
Leicester
2,218
1,906
-312
-14%
Newport
226
193
-34
-15%
Plymouth
1,147
951
-196
-17%
Bournemouth
1,295
1,073
-222
-17%
Bristol
1,887
1,481
-406
-22%
All cities
96503
101013
196
5%
Rental stock figures sourced from Rightmove and Zoopla
Figures compare online rental stock for each city from 1st April 2020 and 13th May 2020

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Breaking Property News – 29/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Geovation Spring showcase – why it is important that you come and support the founders The event takes place on the evening of Wednesday the 17th of April, at Sutton Yard, London EC1V 7EN, please get it booked into your diary today. As ever the…
Read More
Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More