Rising resi rents and utility bills are causing tenants to switch from large, expensive properties to smaller, cheaper homes.
Data from Zoopla showed that 35.4% of enquiries to estate agents in July and August this year were about two-bedroom flats, up from 29.8% in 2020.
In the same two months, the proportion of inquiries about three-bedroom houses was 12.1%, down from 15.9% in 2020.
Zoopla said average rents for all properties had risen by £115 from last year’s average of £1,051 a month, with rents in London rising by 17.8%.
