Private Rented Sector Report

PRS REPORT: The great rent rise continues. While we have seen an increase in availability of properties to rent since February, demand from prospective tenants has also risen.

PRS REPORT: Rents are rising across the UK. Despite this, we continue to see high demand from prospective tenants. An average of 95 new applicants were registered per member branch, an increase from 78 per branch recorded in February.

PRS REPORT: Data collected from our members continues to indicate signs of ongoing disparity in supply and demand with tenants remaining in their properties for longer periods of time.

PRS REPORT: In February, Propertymark members reported that an average branch had just five properties available to rent in February, which continues the downward trend that our data shows started to fall in March 2021.

PRS REPORT: Data collected from Propertymark’s members in January has shown that while the highest overall figure of new applicant registrations in Wales is averaging at 313 per member branch, a worrying number of landlords seem to be exiting the sector.

PRS REPORT: Propertymark agents’ data shows the availability of rental stock in London has fallen by 71 per cent in 12 months.

PRS REPORT: The average number of new prospective tenants was the highest on record for the month of November with 82 per Propertymark member branch. It's a significant rise from October's figure of 71.

PRS REPORT: Propertymark members reported the lowest number of new prospective tenants in October since December 2020.

PRS REPORT: The West Midlands is the topmost region with tenant demand and overall, the number of new prospective tenants was the highest on record for the month of September.

PRS REPORT: Number of new prospective tenants was highest figure on record at an average of 107 per branch, while the number of properties managed per branch fell to 196 during August.

PRS REPORT: The average number of new prospective tenants registered per branch increased to 102, which is a significant jump from June’s figure of 88.

PRS REPORT: The continued success of the private rented sector shows tenants successfully negotiating rent has dropped over the past month, from 0.9 per cent to 0.7 per cent, the lowest recorded for the month of June since records began.