According to a report by Polish property portal Nieruchomości-Online the number of rental listings on its platform increased by 23% year on year for September of 2020. This despite an increase of 29% in rental leads with many users searching rental properties and even contacting the lister but ultimately not signing a contract. Interestingly, the supply of individual rooms for rent in shared accommodation was found to have increased by 120% from September of 2019.
This last point is reflected in the results of a similar report conducted by Spanish portal idealista which reported today that rental supply is up 63% since March with offers for shared accommodation rising particularly steeply (80%). Large cities such as Madrid (159%) and Barcelona (100%) saw the sharpest rise in shared accommodation supply as students and foreign workers delayed or cancelled plans to move because of the pandemic.
Meanwhile, in the United Kingdom, Zoopla this week released a report on the state of rental supply and demand across the country which found that rental prices in London have fallen by 5%. In what the report calls a “two-speed market”, rents in the capital have declined in central areas as many landlords move away from short term vacation rentals and working conditions change for many. Despite a downturn in the capital, demand for rental housing is outstripping supply across the country, with rents rising 1.7% outside of London.