Pandemic stock squeeze pushes rent to record high: Hamptons
By Roger Baird 15
th March 2021 9:23 am
UK rents jumped to a record as landlords put fewer properties on the market and tenants were less inclined to move as a result of the pandemic.
The average rent of a newly let property was 8 per cent, or £68 per month, higher last month compared to a year ago, according to Hamptons Monthly Lettings Index.
The estate agent says this was the highest rise since its survey began in 2012.
However, average rents in Inner London plunged by 17.7 per cent year-on-year, the largest fall since the onset of the pandemic, as tenants sought rural locations.
| UPDATED: 11:56, Thu, Mar 4, 2021
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