Average UK rents during the final quarter of last year increased by 8.27% to £903 compared to £834 at the end of 2021, the latest Deposit Protection Service (DPS) data shows.
DPS reveals that all regions across the UK have seen annual rental growth, with London and Scotland recording double-digit percentage rises that outstrip inflation.
Average rent in London went up by £160 from the end of 2021 and now stands at £1,541, the highest rise by value seen by any region.
The highest rise as a percentage of average rent was seen in Scotland, where rents went up by £79 (12.02%) to £736, also the second highest regional rise by value after London.