Bradford has been identified as the least accessible rental market in the UK, surpassing both London and Manchester.
Currently, only 1.2% of rental properties in Bradford are available, equating to about 500 private rental homes out of a total stock of 42,700 in the city.
This analysis comes from Tlyfe, the tenant app launched by OpenBrix, which evaluated the availability of rental listings across 12 major cities in England.
Following Bradford, Manchester and London showed low availability, with only 2.4% and 2.9% of rental stock up for grabs respectively.
This indicates that properties are quickly rented out.
Despite low percentages, Manchester had around 5,800 available properties, while London had about 34,000.
In contrast, Nottingham had a more accessible market, with 13.8% of rental dwellings currently available.
Leeds and Newcastle presented a more balanced market, with 9.3% and 6.3% of rental homes available.
Sheffield, Brighton, and Bristol had between 5 and 6% of homes up for lease.
Adam Pigott, CEO of OpenBrix, said: “Finding a value-for-money rental property can feel like a rat race, as you compete with other eager tenants for what is essentially a limited level of rental stock.
“As our research shows, the rental market is particularly competitive in Bradford, Manchester and London, meaning aspiring tenants in the cities face a far tougher time than most when it comes to securing a rental property.
“This emphasis on speed makes it imperative that tenants take steps to make themselves attractive to landlords ahead of time, by securing references, undertaking a credit check, and supplying proof of income.
“If you’re not sure where to start with this process, we’ve designed the first platform in tlyfe that can help you get truly ‘rent ready’, putting you ahead of the rest before you apply.”
