Goodlord Rental Index reveals rents across 2023 are up by 9% compared to 2022 and year-on-year averages for December are up by 7%.
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Goodlord reveals 11% drop in rents as summer heat finally leaves market
Goodlord boss William Reeve says average October rents on new tenancies reverted back to levels last seen in May and June 2023 at £1,189.
Read MoreStrong tenant demand drive up rents by 8% across UK
Renters in the capital are now paying 6% month-on-month more and the first time the Index has recorded an average cost above the £2,200 threshold.
Read MoreRents remain ‘red hot’ across England during August
Goodlord boss William Reeve says year-on-year averages are increasing with the £1,300 per month barrier now broken for a second month in a row.
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