Average private rents in Great Britain have risen to record highs, with annual rental growth in hotspot locations such as Reading and Coventry running at almost 20%.
Data from the property website Rightmove shows that the average advertised rent outside London climbed to a record £1,291 a calendar month in the first quarter of 2024. That is 8.5% higher than a year earlier – a rate of growth well ahead of inflation.
