‘Most competitive rental market ever’ drives record rental price inflation
Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital. It's the first time Rightmove's index has posted double-digit annual growth at the national level.
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House price & rental growth to continue outpacing wage inflation, warns the RICS
Buyer demand continues to outpace the supply of homes available to buy.
Private rental stock has dropped by half since 2019 as landlords exit the market
Estate agency branches had an average of 15.6 properties available to rent in March this year, says Propertymark, down from 30.4 in March 2019.
‘Little evidence of house price inflation losing much momentum’ – RICS
"It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices," says the RICS' chief economist.
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