Average rents have climbed 9.4% in the last year, and ‘pressures seem likely to continue in the medium term’

But the total amount of rent paid by tenants across Great Britain has fallen 8% since 2018, says Hamptons.

Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.

Singapore and London have seen the biggest prime rental price increases over the last year, according to Knight Frank's latest city index.