IN-DEPTH: Record-Level Immigration Among Drivers of Rent Price Spike as Supply Fails to Catch Up

Sudden population growth has increased demand after the UK emerged from COVID-19 lockdowns, but the supply of rental homes remains limited.

To Let signs stand next to a properties in west London on Aug. 2, 2016. Alastair Grant/AP Photo

Record net migration last year is one of the main drivers of rent price spikes, according to experts.

Meanwhile, the supply of rental housing stock has failed to respond to the population growth because of high interest rates, policy changes, and slow growth in home building.