Private Rental Stock Shrinks by 562 Homes Daily
The UK private rental sector is contracting at its fastest recorded pace, with 562 properties leaving the market every day in the third quarter.
The private rental sector in the UK is losing properties at its fastest rate since records began in 2016. Data shows 562 homes leave the market daily during the third quarter.
This volume represents 44,000 properties exiting the sector to date. The comparable rate at this point last year was 495 properties per day. At the start of the decade, the figure stood at 167.
Total rental stock volume rises
Despite the high exit rate, overall available rental stock has increased by 1.3% over the past year. This follows several years of decline in total market availability. The build-to-rent segment has driven a disproportionate share of this growth.
Stock in the £800 to £1,500 monthly bracket rose by 7% year on year. Availability fell by 1.1% for properties priced between £1,500 and £3,000. Stock for homes above £3,000 per month dropped by 6.5%.
Supply hits seven-year peak
New supply entering the rental market reached its highest level in seven years. The volume rose by 118,100 units, or 13.6%, compared to the same period in 2025. Growth occurred across all rental price brackets.
The largest supply increases were in the lowest price bands. Properties under £800 saw a 14.5% rise in availability. Those between £800 and £1,500 saw a 16% increase. Wales recorded the largest regional annual supply increase at 26.8%.
Rent levels remain largely flat
The average agreed monthly rent is £1,475. This is an increase of £4 compared to a year earlier. Rents rose in northern regions but stayed static elsewhere.
The North West saw the strongest annual rent increase at 5.7%. The East was the only region with falling rents, down 0.6%. Lettings agreed are 3.3% higher than in 2025, marking a seven-year high. Data is sourced from GN auto markets/housing: rental market reports.
