Fresh data from PropTech supplier Goodlord shows the average cost of rent in England reached £1,020 per property in May, up 0.8 per cent on April’s figures.
This surpasses averages recorded for the previous eight months.
The last time rents rose above £1,020 was September 2021 – peak season for the market – when rent averages hit £1,104. Overall, the cost of rent has now risen by 11 per cent year-on-year.
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