Average advertised rents were 3% higher than a year earlier, with a constrained supply of homes contributing to rising rents, Rightmove said.<\/p>\n
While the number of available homes to rent across Britain is 8% higher than a year earlier, it is still 27% lower than in August 2019, the website added.<\/p>\n
Average advertised rents are rising fastest in the north-west England, with average rents around 10% higher than a year earlier, and slowest in London, where average rents are 2% higher annually.<\/p>\n
Colleen Babcock, a property expert at Rightmove said: \u201cThere are challenges for both tenants and landlords in the current market.<\/p>\n
\u201cWhile tenants looking to move have more choice and less competition from other tenants compared with a few years ago, some may still find their options limited with rents at record levels.\u201d<\/p>\n
She added: \u201cLandlords provide vital homes to tenants and have already faced an increase in taxation through stamp duty changes.<\/p>\n
\u201cIt is essential that it remains attractive and viable to be a landlord so that tenants have comfortable places to live.<\/p>\n
\u201cIf more landlords are driven out of the sector by more and more taxation, it will be tenants who lose out in the long run.\u201d<\/p>\n
Here are average advertised rents per month in August and the annual increase, according to Rightmove:<\/p>\n
East Midlands, \u00a31,134, 2.3%<\/p>\n
East of England, \u00a31,599, 2.5%<\/p>\n
London, \u00a32,699, 2.0%<\/p>\n
North East, \u00a3918, 2.9%<\/p>\n
North West, \u00a31,278, 9.7%<\/p>\n
Scotland, \u00a31,141, 2.4%<\/p>\n
South East, \u00a31,828, 2.4%<\/p>\n
South West, \u00a31,461, 2.1%<\/p>\n
Wales, \u00a31,107, 2.6%<\/p>\n
West Midlands, \u00a31,196, 2.5%<\/p>\n
Yorkshire and the Humber, \u00a31,051, 2.5%<\/p>\n","protected":false},"excerpt":{"rendered":"Average advertised rents were 3% higher than a year earlier, with a constrained supply of homes contributing to…\n","protected":false},"author":2,"featured_media":398581,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,393,4884,257,16,15],"class_list":{"0":"post-399086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-london","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115149900720134339","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/399086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=399086"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/399086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/398581"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=399086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=399086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=399086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}