The capital’s rental market continues to show signs of slowing down, with prices rising by just 1% year-on-year in May while the number of viewing request per property has dropped too.
Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.
I received 84 private messages in 24 hours to one advert for my property in the northeast - it's a stark indication of how demand is outstripping supply.
Two-thirds of landlords have experienced rising demand for private rented housing - but one-third plan to cut the number of properties they rent.
One in five tenants has lost out in a property bidding war during the last two years, with those in London, Southampton and Brighton facing the toughest competition.
