In London average rents have risen above £2,500 per month.
Average rents have continued to hit new highs, according to property website Rightmove, as the shortage of available properties continues.
Rents have been pushed up by fierce competition among tenants chasing a limited number of homes to rent.However, while the number of properties available to rent between January and March was up 8% from a year earlier, the number was still nearly half that seen in 2019. It added that average asking rents for new tenants outside London have now risen for 13 consecutive quarters.
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