Average rents have continued to hit new record highs as the amount of available housing continues to fall short of demand, a property website has said.
The average rent being asked across Britain outside London, which has been rising every quarter since the end of 2019, has reached a new record high of £1,190 per month, according to Rightmove.
Within London, average asking rents have surpassed £2,500 for the first time to reach a new record of £2,501 per month in the first quarter of 2023, the website said.
But it said that the pace of the increases generally across Britain has been slowing.
Housing Supply ‘Squeezed’
Rightmove said that there have been some signs of slow improvement this year….