‘Chronic lack of supply’ drives rents up 12% in a year

Foxtons has listed 38% fewer rental properties so far this year compared to last, while tenant demand is running high.

'It’s a real challenge for renters at the moment,' says Rightmove, 'as there are simply not enough homes available to rent to meet the demand from people enquiring.'

"There is no real prospect of significantly improved rental supply in the near term," says the Zoopla team, "as private landlords continue to sell off homes due to tax and regulatory changes and renters…