Drop in new properties for rent is steepest since Covid, says Rics

Monthly report from surveyors' body sees firmly negative trend' that is expected to push up rental prices

The flow of new rental properties coming on to the market has fallen at the fastest rate since the first Covid lockdown five years ago, according to research by Britain's property surveyors.

Although the demand for properties is steady, there are fewer new rentals from landlords coming available, the Royal Institution of Chartered Surveyors (Rics) found.