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Private rents in Great Britain hit record high, data shows

Summary
Average private rents in Great Britain have climbed to record highs, prompting a call for the next government to prioritise measures to help create an extra 120,000 rental properties. Data shows that the typical advertised rent outside London reached a record £1,316 a calendar month in May, the property website Rightmove said.

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According to data from the UK Office for National Statistics, in the 12 months up to May this year, the average rent price of private rental housing increased by 8.7%. Among them, the average rent increase in London reached more than 10%. According to data, rents in England rose 8.6% to £1,301 in May; rents in Wales rose 8.5% to £736; and rents in Scotland rose 9.3% to £957. Among them, the average rent increase in London was the highest, reachi…

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City AM broke the news in London, United Kingdom on Tuesday, July 2, 2024.
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