The number of homes for private rent is falling across London despite growing demand according to the National Residential Landlords Association (NRLA).

The number of homes in the private rented sector in London fell by 6% between 2023 and 2024, with properties leaving the rental market at a much faster rate in the most affordable locations in the capital according to analysis for London Councils and Trust for London.

The NRLA is warning that, without action to tackle the supply crisis, renters will see their housing choices eroded even further. 

Ben Beadle, Chief Executive of the NRLA, said: “Private renters across London are facing the brunt of the housing crisis. The shortage of homes to rent is a one-way street toward higher rents and even less choice for tenants.   

“London needs more of all types of housing, and that has to include homes for private rent. It’s high time for policies that support investment in the homes renters desperately need.”

The slump in supply comes as an average of eight people enquire about every available home to rent in London according to Rightmove.