Rents hit new record high

Rents have reached a new dizzying record of £1,577 per month, new figures from Rightmove reveal.

And the new record means average rents are now 3% higher than at this time last year, the portal says. Tenant demand is cooling but supply is tightening at the same time, which is pushing rents up.

Rents hit new record high as supply issues bite - The Negotiator