Asking rents surpass £1,400 average as property supply dips
The Negotiator
Average asking rents have reached a new record, surpassing £1,400 nationwide and nearing £3,000 in London. This surge coincides with a continued decline in available rental properties across the UK.
The PropAtlas take
Rising rental costs and reduced supply put pressure on lettings agents and landlords to optimise acquisition and retention strategies. Technology enabling efficient tenant screening and property marketing becomes increasingly vital.