The City of London recorded the largest drop at 42.4%, with Bristol down 36%.

Landlords in parts of England could face increased competition for tenants after new research found the number of properties available to rent has risen by 7.4% over the past year.

Landlords continue to benefit from strong tenant demand, with an average of nine prospective tenants competing for every available rental property in June, according to Propertymark.

New research has revealed that across all major cities, there has been a significant increase in the number of homes being listed to rent following the first cut to interest rate in...