Drop in new properties for rent is steepest since Covid, says Rics | Renting property

According to research by British real estate surveyors, the flow of new rental properties released has fallen at the fastest rate since the first Covid locking five years ago.

Although the demand for ownership is stable, there is less new rent than the landlords when the royal sworn survivor (RICS) is found.

July 2025 RICS Housing Market Research has shown a “strict negative tendency olan which has made its property for rent, which has been the weakest reading since April 2020.

With the lack of new supply on the pipeline, the rented surveyors are expected to increase in the next three months, according to the report receiving a monthly “emotion survey” report.

The expected increase comes after finding another report this week, the average special rents in Great Britain has fallen marginal for the first time in five years.

Real estate agent Hamptons said that lower mortgage rates help to warm up the market and the average renter on a newly allowed property fell 0.2% in July compared to the previous year.

The RICS report also said that Homebuyers’ new investigations fell in July and that there was a softening in demand compared to the beginning of summer. In June, most of the surveyors said that there was an increase in new investigations.

RICS Chief economist Simon Rubinsohn said the last report shows that the flat tone is facing difficulties with difficulties. Last week, the UK Bank voted for a fifth decline in interest rates within a year and reduced the borrowing cost to 4% due to concerns about the power of the UK economy.

Rubinsohn said, although interest rates were reduced at the latest England meeting, divided votes, more discount timing and scope, ”he said.

“In the meantime, the uncertainty about the potential content of the autumn budget of the chancellor increases some concerns. Against these floors, the participants continue to report that the market is currently sensitive to the price.”

Real estate agent Knight Frank, the right to enter into force next year and aim to reform in the sector, the invoice of tenants, the landlords are now trying to sell more and more, he said.

“[Shrinking supply] The rights of tenants who can make a property more laborious to have a property and increase the risk of invalid period are an undesirable result. ”

Sarah Coles, the person of personal finance in the investment platform Hargreaves Lansdown, said the RICS survey shows that the illegal lease is not yet over, because more people are pursuing less houses. One of the latest research found that the average rental household people were only £ 62 at the end of the month.