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Average asking rent reaches record high
Rightmove said the average rental home now receives 10 inquiries, while lower mortgage rates are encouraging some tenants to buy instead of renew leases.
Summary
The average advertised private rent on a home in Britain has reached a record £1,397 per month, according to Rightmove. The property website said the figure was reached during the second quarter of this year. It was 1.9% higher than the previous quarter and 2.3% up on the same period in 2025.