Lettings in London have fallen by 41 per cent since the pandemic, further squeezing supply and deepening the homelessness crisis, according to a new study by Savills and the LSE.
While listings fell nationally by 33 per cent, London has been the worst hit. The report found listings for one, two and three-bedroom properties shrunk by about 36 per cent, and there have been even larger falls in listings for four-bedroom properties.
The reduction in listings has come amid a period of soaring rents, with the report finding asking prices on lettings are now 20 per cent above their pre-Covid level.
The slump has been caused by a range of factors including landlords leaving the sector or reducing rather than expanding their portfolios.
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