Rents Hit Fresh High as UK Housing Supply Remains Squeezed

Rents Hit Fresh High as UK Housing Supply Remains Squeezed
Terraced houses in southeast London on Jan. 13, 2023. Daniel Leal/AFP via Getty Images
Alexander Zhang
Updated:

Average rents have continued to hit new record highs as the amount of available housing continues to fall short of demand, a property website has said.

The average rent being asked across Britain outside London, which has been rising every quarter since the end of 2019, has reached a new record high of £1,190 per month, according to Rightmove.