Rental prices outside London and in London hit new record highs at £1,314 and £2,661 per month, respectively.

Rental prices outside London have hit a new record high of £1,314 per month, with each property receiving an average of 17 inquiries from prospective tenants, according to property website Rightmove. Despite the overall rental supply slowly improving from last year, the number of available properties remains below pre-pandemic levels. Advertised rents in London have also increased, reaching a record £2,661, up from £2,567 a year earlier.