Leases are typically for a fixed period, so it's really the integral of these charts that matters - how many people are currently in a rental.

I suspect that number is still a long way below normal, because lots of people are moving in with friends or family (students, young professionals, etc.).

My experience in London is the ratio of people looking for a house to houses advertised is the lowest I've ever seen in 10 years.

The second wave and new restrictions are inevitable.