May 20, 2024

Average rents hit all-time high. Again.

Average rents hit all-time high. Again.

Once more, average rents have reached unprecedented levels. The mean rent outside of London now stands at £1,231. Notably, places like Edinburgh (where the rental cap appears to be functioning optimally) and surprisingly, Luton, are witnessing an annual growth rate in new leases exceeding 20%. This all contributes to a broader picture of escalating rental prices.