Analysis of each region of Britain for PRS stock levels reveals interesting data. Ocasa, a property management platform, has revealed that there are almost 5.5 million PRS dwellings across the country at present. When compared to 2005 figures, there is a 79 percent increase in the PRS stock level, according to a recent survey. The survey states that London is the largest private rental market in the UK. In terms of market growth, the West Midlands leads other markets. The market size in this sector has grown by more than 100 percent since 2005.

Other large PRS markets that have grown since 2005 are the North West, Wales, and East Midlands.

Other large PRS markets that have grown since 2005 are the North West, Wales, and East Midlands.

According to the report by Ocasa, during this timeframe, the South East has seen the lowest growth rate. However, despite the slow growth, the jump in PRS dwellings has been pretty impressive. However, on an annual basis, the performance of the PRS hasnt been as very strong. Across Britain, stock levels have increased by less than one percent, but some areas have seen minor declines. These areas are East Midlands, Scotland, East of England, West Midlands, Wales, Yorkshire, and the Humber.

The negative trend notwithstanding, market observers are hopeful of a bounce back by the PRS market in the next couple of years. They are relying on historical market data and trends to estimate that PRS stock levels could improve in the coming years. London is estimated to remain the leading force in the PRS market in terms of total volume. However, Wales is expected to post the strongest growth, with an exceptionally impressive showing in the privately rented sector. The study expects a good showing in PRS dwellings growth by the East of England, East Midlands, South West, and North West. Only the South-East region is predicted to show a decline in total PRS stock levels.

Private rental sector performance has not been as impressive as expected. It reflects a mixed performance as the growth curve has stagnated in some areas and even declined in some instances. This inconsistency in the growth curve can be because of the string of legislative measures introduced by the government. We implemented these regulations to discourage investment by landlords from the private rented sector. The pandemic also contributed significantly to the drop in demand. However, despite this inconsistent growth, the market has become considerably more than what it was in 2005. The foundation is also set for a strong return to positive change across the country over the next few years.