Private rents in Great Britain hit record high, data shows

Rightmove says average advertised price outside London is up 9.2% on a year ago despite fall in some regions

Average private rents in Great Britain have climbed to new record highs, though in some regions there has been a small fall in the amount new tenants are being asked to pay, data shows.

The typical advertised private rent outside London for new properties coming on to the market rose to a record 1,280 a calendar month in the final quarter of 2023, according to the property website Rightmove. That is 2 higher than the 1,278 figure recorded in the third quarter - a sign that rental growth is slowing.