Londoners are looking beyond the commuter belt, says Rightmove

"Cities have not only bounced back but are now seeing strong rental growth," says Rightmove, with some urban centres seeing double-digit price inflation as tenant demand jumps.

Asking prices have reached an all-time high, says Rightmove, as competition among potential buyers to secure their next home is now more than double what it was this time in 2019.

London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.