{"id":83818,"date":"2026-07-15T23:32:15","date_gmt":"2026-07-15T23:32:15","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/83818\/"},"modified":"2026-07-15T23:32:15","modified_gmt":"2026-07-15T23:32:15","slug":"asking-rents-reach-record-highs-across-britain-new-data-from-rightmove-shows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/83818\/","title":{"rendered":"Asking rents reach record highs across Britain, new data from Rightmove shows"},"content":{"rendered":"\n

Average asking rents across Britain have surged to an unprecedented high, with a new record being reached in the second quarter of this year, a property website has revealed. <\/p>\n

Excluding London, the average advertised private rent for homes entering the market now stands at \u00a31,397 per month, according to Rightmove. <\/p>\n

This figure represents a 1.9 per cent increase on the previous quarter and a 2.3 per cent rise year-on-year. <\/p>\n

In London, the average advertised private rent reached a record \u00a32,791 per month. <\/p>\n

This was 2.0% higher compared with the previous quarter and a 2.9% annual increase. <\/p>\n

\"Rightmove<\/a> Rightmove said the number of homes to rent is 1% lower than a year ago (Reuters) <\/p>\n

The data comes after incoming prime minster Andy Burnham’s pledge to tackle the cost of living<\/a> when he takes over, telling LBC earlier this month that the government needs to “be serious about putting more money back into people’s pockets.” <\/p>\n

Mr Burnham has not publicly committed to an immediate action on rental costs. However, in 2023, he co-signed an open letter to then-housing secretary Michael Gove to “introduce an immediate freeze on rents” in the wake of the Covid pandemic. <\/p>\n

In recent months, the incoming prime minister has promised the “biggest council housebuilding programme since the postwar period” when he comes into power, a policy which \u2013 if successful \u2013 could be instrumental in bringing down housing costs in the longer-term. <\/p>\n

Rightmove said the number of homes to rent is 1% lower than a year ago, with the fall in rental supply appearing to be driven more by a drop in newly-listed properties for rent, rather than an increase in the speed of the market. <\/p>\n

Competition between tenants remains significantly lower than at its peak, with the average rental home now receiving 10 inquiries, compared with 11 a year ago and 22 in 2022, the report said. <\/p>\n

There are regional variations, with London rental properties having an average of eight inquiries, compared with 14 inquiries per rental property typically in the North West of England, Rightmove added. <\/p>\n

Colleen Babcock, a property expert at Rightmove, said: “Even though supply is no longer increasing, the market remains much more balanced than it was at the peak of competition in 2022. <\/p>\n

“Regional trends also continue to vary significantly across the country, with more affordable northern areas still seeing some of the strongest rental growth.” <\/p>\n

David Fell, lead analyst at Hamptons, said: “Falling mortgage rates in recent weeks have given landlords some breathing room, enticing those whose fixed deals are coming to an end to relet rather than sell up, preventing a more severe supply crunch. <\/p>\n

“For tenants thinking about buying, these lower rates are pushing monthly mortgage payments below the level of the rent they are paying. <\/p>\n

“This exit of longer-term renters and the strength of the first-time buyer market should help ease persistent rental demand.” <\/p>\n","protected":false},"excerpt":{"rendered":"Average asking rents across Britain have surged to an unprecedented high, with a new record being reached in…\n","protected":false},"author":2,"featured_media":83819,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[7786,13,36924,3458],"class_list":["post-83818","post","type-post","status-publish","format-standard","has-post-thumbnail","category-britain","tag-andy-burnham","tag-britain","tag-property-website","tag-rightmove"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116926607745914738","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/83818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=83818"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/83818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/83819"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=83818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=83818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=83818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}