RENTS HIT RECORD HIGH AS DEMAND MORE THAN TRIPLES In London the average rent is £2,627 a 12.1% jump over the year
Rents have reached a new record high once again with monthly bills outside London averaging at more than £1,200, according to Rightmove.
According to new figures from Rightmove, the average billed rent for a home in Britain (outside London) rose to a record £1,278 per month between July and September. That’s a 10% rise from this time last year.
Within the capital, the average asking rent also reached an eye-watering £2,627 per month – a 12.1% jump over the year.
However, there are signs that some of the pressure between supply and demand is beginning to ease, with the number of new rental properties coming to the market now at its highest level since the end of last year.