- Average advertised rents across Britain, excluding London, reached a record high of £1,418 per month in the third quarter, passing £1,400 for the first time.
- London asking rents hit an all-time peak of £2,825 per calendar month, reflecting a 3.2 per cent annual increase driven by a severe supply squeeze.
- Annual rental growth outside London slowed to 2.4 per cent, down significantly from the peak increases of around 10 per cent recorded between 2021 and 2023.
- Rightmove reported that available rental housing stock outside the capital fell by 2 per cent compared with last year, matching a 2 per cent drop in tenant demand.
- Property experts said that elevated mortgage rates and rising remortgaging costs continue to deter landlords from investing in new buy-to-let properties.
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