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Rental Listings See Triple Digit Increases in Some of the UK’s Towns & Cities

The UK rental market has seen a surge of new listings in October, with some towns and cities seeing triple figure increases, according to new research.

The UK rental market has seen a surge of new listings in October, with some towns and cities seeing triple figure increases, according to new research.

Data from crowdfunding platform Property Partner found that the number of buy-to-let properties being advertised in October rose by 11.4% from the previous month.


In two thirds of towns and cities across the UK, new rental listings have risen substantially, with Swansea leading the pack, as the number of rental properties advertised in the area increased by 210.9% month-on-month.


Triple digit increases were also seen across the Midlands and the North, with Newcastle, Sheffield and Leicester seeing the number of property listings in each city rise by 194.04%, 134.56% and 125.4% respectively in October.


In the capital, on the other hand, the number of rental listing decreased by 3% in October, as the number of rental properties coming into the London market remains relatively subdued.


Commenting on the results, Property Partner’s chief executive officer, Dan Gandesha said:


“After last month’s lower than expected figures, October’s surge in new buy-to-let listings is reassuring. Instead of September heralding in a new era for depressed rental levels, as some predicted, it’s instead starting to look like the market was caught by a prolonged summer lull”.


Whilst activity in the rental market rose significantly in October, the month also saw commercial property values increase for the first time since Brexit, rising by 0.2% across the UK.