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The Independent UK
The Independent UK
National
Holly Williams

Rental prices surge to new record amid demand mismatch, report finds

PA Archive

The average rental asking price in the UK has jumped to a new record as demand continues to outstrip properties on the market, according to a report.

Property firm Rightmove’s first-quarter rental trends tracker found the average asking price per calendar month shot up by 10.8% year-on-year to £1,088 outside London and 14.3% to £2,193 inside the capital.

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