Rental supply dips & prices rise as new legislation looms

Available stock levels were down by nearly 20% at the end of last month, compared with a year earlier.

The total number of properties available to rent at the end of last month was nearly 50% lower than five years ago.

Just as the prospect of tax rises in the Budget is causing uncertainty in the sales market, Labour’s revival of the Renters Reform Bill is doing the same thing in the lettings market, says Knight Frank.