Rental prices

EMBARGOED TO 0001 TUESDAY APRIL 30 File photo dated 05/10/15 of letting and estate agents signs outside flats on the Old Kent Road in London. Average advertised rents have hit a new high, but there are signs that the pace of the increases is slowing, according to a property website. There are also signs that more landlords are having to reduce their asking rents, particularly for bigger homes, to meet what tenants can afford. Across Britain, excluding London, the average monthly rent being asked for a property coming on the market in the first quarter of 2024 was £1,291, Rightmove found. Issue date: Tuesday April 30, 2024.