Average rent outside London tops £1k PCM for the first time
'Affordability constraints will likely hit the brakes on rental growth at some point this year,' says Hamptons - but the estate agency warns 'it’s unlikely to slow considerably due to the number of landlords looking to pass on their rising costs.'
What to read next
Rents climb further as supply/demand mismatch ‘set to continue for some time’
Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.
‘Bottleneck’ continues in London’s rental market as demand remains high and supply low
'Renters may need to change tactics in the coming year, setting aside more time for their property search and preparing to move fast when they see something they like,' says Foxtons.
London tenants cross the M25 in record numbers
Rental prices continue to escalate across the country, reports Hamptons.
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Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.
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Agents seal off-market deal for unconsented site after three-year pursuit.
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