Asking rents reach record highs as the average outside London tops £1,400 a month, Rightmove says

Summary

Asking rents have reached record highs as affordability challenges remain, according to the website Rightmove, the Evening Standard and The Independent reported on Thursday 15 October. The average monthly private advertised rent across Britain, excluding London, has topped £1,400 for the first time, Rightmove said, according to The Independent, and the average asking rent in London has reached a new record high of £2,825 as supply falls, the number of available homes to rent in London being down by 9% compared with a year ago while renter demand has increased by 6%, according to the Evening Standard. Rental price growth has stabilised, compared with the intense competition seen at a recent peak of the market, the website said.

Latest: Asking rents reached record highs, the average monthly private advertised rent across Britain outside London topping £1,400 for the first time and the average asking rent in London reaching a record £2,825, according to Rightmove.

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