The Daily Mail reports<\/a> a growing imbalance between supply and demand as rents keep rising.<\/p>\nPropertymark urges the government to invest in the private rented sector to keep good landlords in the market.<\/p>\n
Market is oversaturated<\/p>\n
Many young people in London are struggling to find an affordable place to rent as rental supply drops.<\/p>\n
Laura Meyer, 28, told the Daily Mail, a shortage of rental properties is driving competition among tenants.<\/p>\n
She said: \u201cThe market is oversaturated right now, with fewer landlords and more people looking.<\/p>\n
\u201cOne of the agents told me that normally in the summer she gets about 50 calls a day, but, because of the Renters\u2019 Rights Act, she is getting more than 120. I have now put offers on three places, none have been accepted and I\u2019m still looking. I\u2019ve probably had to view about 50 places at this point.\u201d<\/p>\n
Lydia Holt, 25, also told the Mail she has been looking for a new place to rent in September but is finding it tricky to find anywhere affordable.<\/p>\n
She said: \u201cIn Finsbury Park in London where I rent now, we got a three-bed for between \u00a32,800 and \u00a32,900, which is just shy of a grand a month each.<\/p>\n
\u201cWhereas now when we were looking at two beds you wouldn\u2019t get anywhere decent for under the \u00a32,800 mark. So it\u2019s gone up around \u00a3400 each a month.<\/p>\n
\u201cWhen we spoke to estate agents they said: \u201cWe are just putting properties on the market for 20% more than what we think they should go for, because that\u2019s what we think people would have offered.\u201d<\/p>\n
Biggest change in 30 years<\/p>\n
Nathan Emerson, chief executive of Propertymark, told Property118 the Renters\u2019 Rights Act has had unintended consequences for the rental market, although it may still be too early to assess its full impact.<\/p>\n
He said: \u201cAcross England, the Renters\u2019 Rights Act represents one of the biggest changes to the lettings sector in over 30 years, strengthening tenant protections but also creating unintended consequences. Some landlords are now reassessing whether they can remain in the sector, with others choosing to sell.<\/p>\n
\u201cThis risks reducing private rented stock and putting heightened pressure on housing supply at a time of growing demand. Ultimately, the sector needs continued investment and appropriate support for good-quality landlords to ensure a diverse supply of homes keeps pace with ongoing real-world pressure already widely seen within the marketplace currently.<\/p>\n
\u201cHowever, considering we are only three months into the Renters\u2019 Rights Act being implemented, it may still be too early to tell what proportion of them have started selling their properties as a result.\u201d<\/p>\n
The news comes as rent tribunal cases have surged<\/a> since the Renters\u2019 Rights Act took effect.<\/p>\n","protected":false},"excerpt":{"rendered":"8:05 AM, 4th September 2026, 2 days ago 25 The Renters\u2019 Rights Act has caused unintended consequences, with…\n","protected":false},"author":2,"featured_media":591974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,111,139,69],"class_list":["post-591973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/591973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=591973"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/591973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/591974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=591973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=591973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=591973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"To](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-3-2026-01_30_25-PM-768x768.png\" "\\"Renters\u2019")
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