At an average of £1,230 per month for a newly let home, rents across the UK hit another record high in February, residential estate agent Hamptons has reported.
Its latest monthly lettings index revealed a 10% year-on-year increase, marking the second strongest annual growth since the company began recording this data.
London, where average monthly rent rose by 13.8% to £2,161, regained its place at the top of the rental growth charts. Hamptons noted an evenly matched rental growth across both Inner and Outer London, a reversal of last year when Inner London rents were recovering from their post-pandemic lows.