Propertymark’s latest research into the shrinking private rented sector, leading a new report warning that rents could be driven up, has been raised with government ministers in England and Scotland.
Labour MP Navendu Mishra cited the findings when asking what steps the UK government’s Department for Levelling Up, Housing and Communities is taking to ensure there are more available affordable rental properties.
According to the report, the average number of properties that letting agents in the UK reported they were currently advertising for rent decreased from 30.4 to just 15.6 between March 2019 and March 2022, revealing a significant reduction in places available for renters to live.
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