Newly agreed rents across Britain hit two-year high

Summarised from 2 outlets · Updated 19 Oct, 06:27 · Archive

Newly agreed rental prices for fresh tenancies have risen at their fastest pace in almost two years, according to estate agent Hamptons. The annual pace of rental price growth on newly let properties climbed for the 10th consecutive month in September, with average rent across Britain increasing by 2.7 per cent annually to £1,433 per month, up from £1,396 in September last year.

London recorded the highest average monthly rent at £2,357, up 1.5 per cent year-on-year. The South East and South West of England both recorded annual growth above 4.0 per cent for the first time since September 2024. By contrast, the East Midlands saw minimal growth of 0.3 per cent. Where existing tenants' rents increased, the average rise remained at 5.6 per cent.

Aneisha Beveridge, head of research at Hamptons, said that so far this year higher rents have mainly been felt by tenants moving home. 'But if growth continues to pick up, it is likely to feed through to more existing tenants in the coming months as the gap between new and existing rents widens,' Beveridge added.

Newly agreed rents across Britain hit two-year high — Image: Evening Standard

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Newly agreed rents across Britain hit two-year highNewly agreed rental prices for fresh tenancies have risen at the fastest pace in almost two years, new research has found. According to estate agent Hamptons, the annual pace of rental price growth on newly let properties climbed for the 10th month in a row in September, while average rent for properties across Britain increased [...]City AM · 19 Oct, 06:00
Newly agreed rents rise at fastest pace in nearly two years, index showsAverage newly agreed rents across Britain increased by 2.7% annually in September, Hamptons said.Evening Standard · 19 Oct, 00:01

In this story: Hamptons · Connells Group · London · South East · South West · East Midlands

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