10:39 AM, 11th October 2021, About 2 years ago 2
SpareRoom.co.uk is reporting that there are currently more ads on its platform for people looking for rooms than there are for rooms available, and they say this is only the third time this has happened on their platform in the last six years.
Spareroom said: “With people finally able to move, and others re-entering the market after moving back in with their parents during the lockdown, competition for rooms is fierce.”
“Last summer there were plenty of rooms on the market and hardly any people looking to move. Now, with lockdown over and most restrictions easing, it’s a totally different picture.
“Not only are people moving again, but London is also seeing the mass return of overseas students for the first time in two years. Add to that the thousands of young people who moved home for lockdown and are now ready to re-enter the market, and it’s not really surprising that competition for rooms is fierce right now. On top of that, supply has dropped compared to last year.”