UK Rental Prices Reach Record Highs Outside London
Calls for government action to increase housing supply and stabilize rental market grow louder.
- Average rent outside London hits £1,316 per month, a 7% increase from last year.
- London's average rent stands at £2,652 per month, up 4% from the previous year.
- Rightmove suggests 120,000 additional rental properties are needed to stabilize rent growth.
- Scotland faces the most severe supply-demand imbalance in the rental market.
- Experts urge the next government to accelerate housebuilding and reform tax policies to attract more landlords.