New research by Zero Deposit has revealed that the level of rental stock available across major British cities increased notably in the 30 days following the first base rate cut since 2020.

Zero Deposit analysed available rental stock across 15 major cities in Britain, looking at the total number of homes available to tenants and the number of these homes that have been listed on the market in the 30 days that followed the Bank of England’s decision to cut interest rates to 5% from 5.25%. 

The research shows that across all major cities there has been a significant increase in the number of homes being listed to rent. In Edinburgh, 435 homes have entered the rental market in the last 30 days, equating to 75% of all current stock and marking a 300% increase when compared to total stock levels prior to the last base rate decision.

Neighbouring Glasgow has also seen a sharp increase, with a 207% jump seeing new rental homes listed on the market account for 67% of all current market stock.

The influx of new rental market stock has also seen available stock levels increase by more than 100% across Bradford (+137%), Bristol (+135%), Brighton (+130%), Manchester (+119%), Cardiff (+119%) and Sheffield (+109%).