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<\/a><\/p>\nDirector of Benham and Reeves, Marc von Grundherr, commented: \u201cIt\u2019s been a very tough year or so for the London rental market which has arguably been the worst hit in terms of dwindling demand and plummeting rental values. That said, we can finally say with confidence that we\u2019ve seen the bottom and a number of factors are now spurring a market-wide recovery.<\/em><\/p>\n We saw virtually no demand from overseas students last year which meant this stock further flooded a market that was already saturated due to a lack of interest from working professionals.<\/em><\/p>\n Although widespread lockdown restrictions remained in place during the start of this year, the reversal of the working from home trend and the return of foreign student demand, in particular, are currently driving a London rental resurgence during the second and third quarters.\u201d<\/em><\/p>\n Additional research by the agent further cements the London market revival.<\/p>\n Prior to the pandemic (in Q4 of 2019), some 47,000 rental properties were listed to rent across London. However, as demand fell and tenants vacated the Capital as their property preferences changed<\/a>, rental stock climbed to 105,086 properties by Q3 of 2020 and remained above this 100k landmark threshold for three consecutive quarters until falling to 73,797 in Q2 2021.<\/p>\nRental Stock Levels Bottom Out<\/strong><\/h3>\n
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