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[BUSINESS] · United Kingdom · 9 sources

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Part of situation: UK rental market investment and pricing trends (3 clusters)

UK rental prices hit record highs as London rents reach £2,825

UK rental market average asking rents London housing supply property investment Rightmove data

Average advertised rents in the United Kingdom have reached new record highs, according to data from property portal Rightmove. For the first time, average monthly rents outside of London have surpassed the £1,400 threshold, reaching £1,418. While annual rental growth has moderated to 2.4%—down from the approximately 10% seen between 2021 and 2023—prices continue to face upward pressure due to constrained supply.

In London, the rental market is experiencing a more acute squeeze. Average advertised rents in the capital have hit a record £2,825 per month, with annual growth accelerating to 3.2%. This trend is driven by a significant reduction in availability; total rental listings in London have fallen by 9% year-on-year, while tenant demand has risen by 6%.

Nationally, the number of available rental homes has decreased by 2% compared to last year, though tenant demand has also seen a 2% decline. The report also notes a reduction in landlord investment, indicated by the falling proportion of homes to rent that were previously for sale. Experts suggest that higher borrowing costs and elevated mortgage rates are making new buy-to-let investments less attractive for landlords.

Entities

Colleen Babcock · London · Matt Smith · Rightmove

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

UK rents hit record £1,418 outside London as rental market shows signs of cooling [www.easterneye.biz]
UK rental prices reach new highs as supply falls [www.propertywire.com]
Asking rents hit record high as supply slips [thenegotiator.co.uk]
Advertised rents break £1,400 barrier - Rightmove [www.property118.com]
Average rents exceed £1,400 for first time - Property Investor Today [www.propertyinvestortoday.co.uk]
Average advertised rents surpass £1,400 outside London – Rightmove [theintermediary.co.uk]
Average rents outside London hit £1,418: Rightmove [www.mortgagestrategy.co.uk]
Average asking rent in London reaches new record high of £2,825 as supply falls [www.standard.co.uk]
Asking rents reach record highs as affordability challenges remain – Rightmove [www.independent.co.uk]