Average asking rental price hit record high for homes inside and outside of London

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Average asking rental price hit record high for homes inside and outside of London
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The average asking price for rents outside of London has risen by £308 since the same period in 2019, while landlords in the capital have increased their asking price by £559

The average asking rent for properties both inside and outside of London have hit a new record high, according to a property website.are being asked to pay an average £1,231 per month, with properties inside London reaching a record of £2,567.

For the second quarter of 2023, rent outside the capital has increased by £308 from the same period in 2019, where the average price per month was £923.The asking rent of a property is the price listed by the landlord. "Average asking rents for new tenants have risen at a rapid pace since the pandemic, reflecting the significant increase in demand," Rightmove's director of property science Tim Bannister said.In addition to rent increases, the average time it takes to find a tenant is 17 days, the quickest time recorded in Rightmove data since November 2022.

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