The number of rental properties increased last year at the same time as house sale listings dropped.
According to Experian analysis there were an additional 58,000 properties being marketed to rent in 2011 in comparison to the same time in 2010.
The volume of properties for rent increased every quarter last year based on yearly comparisons.
The third quarter saw the strongest increase in listings with a 14.46 per cent rise.
As this upward trend was taking place, the number of properties listed for sale dropped by about 12,000 last year.
The market dictated this trend with many homeowners choosing to wait out the struggling sale months before listing their house for sale.
“This insight shows that homeowners may be using renting as a back-up plan if they are unable to sell or alternatively some may still consider property a long-term investment,” Jonathan Westley, managing director of consumer information services at Experian said.
London dominates the market with 20 per cent of the UK’s rental properties located in the capital.
Wales and the West Midlands saw the best improvement in the number of houses-to-let with a 20 per cent rise in listings last year compared to 2010 figures.
August remains the most active time for the rental market which receives a boost as students look for accommodation close to their place of study.