Rents rise to record levels as stock shortage rules the roost

Property News update

Posted in Oct 03 , 2022

September saw the highest average rental costs ever recorded by Goodlord, according to the PropTech firm’s latest index.

With the previous record of £1,238 hit in July 2022, September’s prices took this to new heights. The average cost of rent for a property in England over the last month was £1,249. This is an increase of 1.8 per cent compared to last month, and means average rents are now 13.17 per cent higher year on year.

The majority of regions across England saw an increase in the cost of rent, but a significant surge was recorded in London.

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