Rents are nearly £100 per month higher on average than a year ago, according to a property website. The average UK monthly rent was £995 in the first quarter of this year, Zoopla said, up by 11% from £897 a year ago. Its index is based on new lets agreed.
Demand has surged back into city centre markets and the supply of properties for rent struggled to keep pace, the report said. A new let agreed for an average rental property in London, meanwhile, will cost more than £20,000 in rent over the next 12 months.
In London, the average rent in March was £1,698. Grainne Gilmore, head of research at Zoopla, said: “UK rental growth is being driven by high rental demand and limited supply, trends that are more pronounced in city centres.
