London @feddit.uk Vinnyboiler @feddit.uk 1y ago

‘A bad situation is becoming disastrous’: Number of homes for rent in London has plummeted since Covid - The Big Issue

www.bigissue.com ‘A bad situation is becoming disastrous’: Number of homes for rent in London has plummeted since Covid - The Big Issue

People who rent in London are at a greater risk of homelessness than before as the number of available homes in the capital has plummeted

"New research from the London School of Economics (LSE) and property firm Savills shows why that search has become even more difficult since Covid, with a 41% reduction in the number of homes available for private rent."

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The period is interesting

The research showed the number of one, two and three bedroom properties available for rent across London was down around 36% since when comparing listings from January to March 2023 with the average across the same period from 2017 to 2019.

So within the span of 4ish years we lost our rental stock?

Or was there a bit of an investment into rental stock that peaked around 2019 and then the Stamp Duty freeze helped level that by returning the stock into private hands?