Just over 22,000 new rental properties have reached the market so far this year, accounting for 16% of the rental homes currently listed on the market, according to analysis by Ocasa.
On a regional level, the greatest scarcity of newly listed rental properties is found in the West Midlands, where fresh rental stock accounts for just 11.7% of total available rental properties.
In both the East Midlands and Wales, newly listed rental stock accounts for 12% of all homes available to rent. The percentage of new rental listings entering the market is also below the national average in Yorkshire & Humber (13%), the North East (14%), North West (14%) and South East (15%).