Rents in London’s private rented sector are spiralling out of control as a combination of high demand and a rapidly shrinking market sends prices skywards.
The latest data from Rightmove’s Rental Price Tracker, which asking prices for new listings, found the average London rent was now an eye-watering £2,257 per month, a record high for any UK city. The past three months have seen an annual rise in asking prices of 15.8 per cent.
