Rental prices surge to new record amid demand mismatch, report finds

The Independent says the average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.

Rental prices surge to new record amid demand mismatch, report finds

The Independent says the average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.

Property firm Rightmove’s first-quarter rental trends tracker found the average asking price per calendar month shot up by 10.8% year-on-year to £1,088 outside London and 14.3% to £2,193 inside the capital.

This marks the first time that rents outside of London rose by more than 10% annually, while the leap inside the capital was the largest of any region on record.

On a quarter-on-quarter basis, UK asking rents rose by 1.8% in the first three months of the year, the group added.

https://www.independent.co.uk/news/uk/rightmove-london-holly-williams-data-wales-b2057686.html

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