UK rent prices reached record highs, increasing 8.9% on average in a year, with London experiencing a 10.8% rise to £2,070 per month.
UK rent prices have hit record highs, increasing by 8.9% on average in the past year, according to the Office for National Statistics. England's average monthly rent is £1,293, with Scotland at £952 and Wales at £730. London experienced the largest increase, with rents up 10.8% to £2,070 per month. The highest local authority increases include Brent (32.6%), Folkestone and Hythe (22.4%), and Greenwich (16.1%).
May 29, 2024
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