Rent costs finally fall outside London but capital hits another record high
1 month, 3 weeks ago

Rent costs finally fall outside London but capital hits another record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average asking rents outside London have fallen for the first time since before the pandemic, marking a potential shift in the rental market. Meanwhile, London's rental market continues its upward trajectory, with average advertised rents reaching another record high of £2,695 per month, the 13th consecutive quarterly increase. “Our own data shows that the average rental property is still receiving 10 applications per property, which is lower than the peak, but still double the pre-pandemic norm.” John Baybut, managing director at Berkeley Shaw Real Estate in Liverpool, said: “Demand is generally still pretty strong and the market is still busier than before the pandemic. Landlords need to work closely with experts to set the right price and keep their home occupied in the current market, reducing the risk of void periods.” Alex Bloxham, a partner and head of residential lettings at Bidwells, said: “These figures suggest landlords are continuing to invest in their buy-to-let portfolios, while more tenants are choosing to stay put, likely due to continued macroeconomic uncertainty and the up-front costs involved in relocating.”

History of this topic

Free sector rental housing market shrinks again, rents rise
2 months ago
Mapped: How much rents have gone up in your region as prices hit record high
3 months ago
£6,395 drop in average price tag on a home in December
3 months, 1 week ago
Rental costs up £3,240 a year on average since end of pandemic
3 months, 1 week ago
Average house prices in UK reached record high in October
4 months, 2 weeks ago
Rental hotspots: These areas have seen monthly costs rise 40% in four years
4 months, 2 weeks ago
Renting Crisis Grips Cities, Pushing Up Property Prices
4 months, 3 weeks ago
‘Buyers’ market’ as property asking prices rise more slowly than usual
5 months ago
Average rent across the UK reaches record high
5 months, 1 week ago
Asking rents ‘hit fresh records but more properties undergoing price reductions’
5 months, 1 week ago
Annual house price growth slows but rents climb at near-record rate, says ONS
6 months ago
Nearly a fifth of homes on the market have previously been rented – Rightmove
6 months, 2 weeks ago
House prices grow steadily as ‘eye-watering’ rent increases hit
7 months, 1 week ago
More signs that the Dutch rental housing market is shrinking
7 months, 3 weeks ago
More signs that the Dutch rental housing market is shrinking
7 months, 3 weeks ago
It won’t be popular, but there’s only one answer to tackling soaring rents
8 months ago
Rents hit new records with 17 inquiries per property – Rightmove
8 months ago
Average rent outside London hits record high – check how your area compares
8 months, 2 weeks ago
Labour-commissioned report calls for caps on rent hikes
10 months, 1 week ago
Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says
10 months, 3 weeks ago
Advertised rents ‘hit fresh highs but pace of increases is slowing’
10 months, 3 weeks ago
Cost of privately renting homes rises by more than 9% in a year - the largest increase since records began - to an average of £1,246 per month to heap more cost-of-living pressure on families unable t
11 months ago
The areas where UK house prices have fallen the most
11 months, 2 weeks ago
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11 months, 3 weeks ago
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11 months, 3 weeks ago
Mapped: See how the UK’s record rent rises impact your area
1 year ago
UK rents skyrocket at fastest rate on record, new Office for National Statistics figures show
1 year ago
Rents up 29% since pre-pandemic despite recent slowdown - how fast have they risen in your area?
1 year ago
Commuter towns follow cities with unaffordable rent
1 year ago
Rents outside of London reach record average of £1,280 a month - but hikes are slowing down
1 year, 1 month ago
Average asking rents ‘hit new record high with 11 inquiries typically per home’
1 year, 1 month ago
Map reveals where rent is highest in UK as costs soar to record high
1 year, 2 months ago
Millions ‘putting their lives on hold’ as UK sees record rent rises
1 year, 2 months ago
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1 year, 2 months ago
‘I thought every day I was going to be homeless’ - Inside the unstable London rental market
1 year, 2 months ago
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1 year, 3 months ago
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1 year, 3 months ago
UK house prices ‘little changed’ from a year ago but rents show record rise
1 year, 5 months ago
Annual house price growth slows amid record jumps in rental prices
1 year, 6 months ago
Renting office space in London now an eye-watering £1,000 per desk - study reveals UK’s most expensive areas
1 year, 6 months ago
Rents ‘could rise four times as fast as house prices across the years ahead’
1 year, 6 months ago
Rent is cheaper than mortgage payments for the first time since 2010
1 year, 7 months ago
Landlords selling up their buy-to-let make ‘£10,500 less than if they had sold in 2022’
1 year, 7 months ago
Rents set to continue rising sharply despite cost-of-living squeeze, experts say
1 year, 7 months ago
UK house prices fall for fourth month running - here are the areas most affected
1 year, 7 months ago
UK’s rental shame: Tenants paying four times as much of income as homeowners on housing
1 year, 7 months ago
If the Tories want to win elections, they can no longer afford to ignore renters
1 year, 7 months ago
Average London rental costs may soar to £2,700 a month, figures suggest
1 year, 7 months ago
Average of 20 viewing requests for each home to rent, says Rightmove
1 year, 7 months ago

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