Rightmove reveals average monthly rent outside London hits new record high of £1,280

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Mirror

By Vicky Shaw, PA Personal Finance Correspondent & Lawrence Matheson The average monthly rent outside London hit a record high of £1,280 in the last quarter of 2023, according to property connection Rightmove. The site also revealed that estate agents typically receive 11 inquiries per available rental property. However, Rightmove predicts that the pace of rental growth will slow down in 2024. The last three months of 2023 saw a modest 0.2% increase in asking rents, the smallest rise since 2019, suggesting that rent increases are slowing down. Signs show that more tenants are reaching their finan…

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