Despite Propertymark members reporting a decrease in rental stock, with London showing the lowest amount available, properties managed per letting agent branch also dropped to 184 from May’s 203, However, there are more tenants recorded than ever before, with the average number of new prospective tenants registered per branch recorded at 88. This is the highest figure on record for the month of June.

Regionally, this trend was particularly high in the West Midlands, which topped the regions for the greatest volume of new tenants registered per branch, with an average of 128. Scotland registered the lowest number of new tenants, averaging at 34 throughout the month of June.

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