Asking rents reach record highs across Britain, new data from Rightmove shows

Rightmove data reveals that average asking rents across Britain have reached new record highs. Despite these price increases, competition among tenants has declined significantly from its previous peak. Currently, the average private rental property receives 10 inquiries, which represents a notable decrease compared to the average of 22 inquiries recorded in 2022. This trend highlights a shift in market dynamics while rental costs continue to climb to unprecedented levels across the country.