Following on from our blog last month showing the trend in available properties during COVID-impacted 2020 vs 2019, we have another month of figures and more insight into the story that is unfolding on Edinburgh’s private rental market.
Available stock is dropping, but remains higher than 2019
The latest figures from Rightmove for the volume of available stock on the rental market in Edinburgh shows a drop of 26% in just one month (from 1,537 properties towards the end of August to 1,132 in September). The drop in available stock from August to September is to be expected in Edinburgh due to the start of the student year causing many available properties to become occupied during the month. In 2019, the drop over the same period was 39% from 1,025 down to 623 as seen below.
The reduction in available stock that we’ve seen over the last month tells us that the market is continuing to stabilise and recover from the shock felt from lockdown in the spring, but there is still a significantly higher number of available properties than last year (82% more properties available in 2020).