There are signs the rental market is starting to stabilise, but costs remain at record levels for millions at a time when many other bills are set to increase.
The average asking price to rent a home outside London has fallen for the first time since before the COVID pandemic, according to a property website. Rightmove credited improved levels of rental properties for the welcome shift, but declared that advertised private rents in the capital continued to tick up, for a 13th consecutive quarter, between October to December. It reported an average sum of £2,695 per calendar month for London, though that was only 0.
' The northeast of England was said to have seen the biggest boost to supply, with Wales the smallest. Alex Bloxham, a partner and head of residential lettings at the consultancy Bidwells, said: 'These figures suggest landlords are continuing to invest in their buy-to-let portfolios, while more tenants are choosing to stay put, likely due to continued macroeconomic uncertainty and the up-front costs involved in relocating.
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