So far this year online agents have won a 17.9% share of all new instructions To Let, according to analysis by data consultancy Property EA.<\/p>\n
This is a hefty 6.3% improvement on the time last year, and contrasts sharply with the sale sector where online agency activity is stagnating.<\/p>\n
On the rental side, online agents\u2019 share growth is far more prevalent at lower price ranges. For example in the \u00a3800pcm or less range, growth was 15% year on year, and online agents now have a share of 25% at this price bracket<\/p>\n
Of the 17.9% overall market share, OpenRent accounts for around one in six rentals and is growing rapidly.\u00a0<\/p>\n
The Twenty EA analysis also looks at the lettings market as a whole, and says that for 2025 so far, the supply of properties to let in the UK has risen by 64,750 but remains 159,000 lower than its peak in 2019.\u00a0<\/p>\n
Supply is 6.9% higher than last year and over 1m properties have come onto the market to let year-to-date in 2025.<\/p>\n
However, affordable rentals remain an issue, where the supply has reduced for \u00a30-\u00a3800pcm properties \u2013 down 2.5% year-on-year.<\/p>\n
Strong supply growth of almost 12% has been observed at the \u00a3800-\u00a31,500pcm price range (11.8%).<\/p>\n
For 2025 as a whole, UK demand (lettings agreed) volumes are 5.6% higher than 2024 and are at their highest level in six years.<\/p>\n
Twenty EA notes: \u201cWe are now observing that the supply growth is outstripping demand across all price points.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"So far this year online agents have won a 17.9% share of all new instructions To Let, according…\n","protected":false},"author":2,"featured_media":200747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,87192,87193,56,54,55],"class_list":["post-200746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-online-agents","tag-rental-market","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/200746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=200746"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/200746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/200747"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=200746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=200746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=200746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}