UK monthly rents hit another record high, averaging £1,261 in August, up 1.4% from a month ago, data from HomeLet shows, as tight housing stock supply continues to force prices higher. In London, tenant housing costs also hit another all-time high up 1.7% over the same period to £2,145 a month, adds the lettings
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Average rents across the UK jumped 10.3% to a record £1,243 in July from a year ago, data from the Homelet rental index shows. The lettings referencing and insurance firm adds that the highest annual increase in rents came in Scotland, at 15.8%, followed by London, with a 12.9% rise. Month-on-on month tenant’s