Advertised rents are 9.3% higher than a year ago and 33% more than in 2019, before the COVID-19 pandemic.
Tim Bannister, Rightmove's director of property science, said the big increase in rents since the pandemic reflected a significant surge in demand from tenants and contrasted with stagnant rents from 2015 to 2019.
Rightmove said there were 7% more properties available for rent than a year ago, but 42% fewer than in 2019.
Rightmove said 16% of properties for sale were previously on the rental market, up from 13% in January 2019.
Tenant demand was 3% higher than in the same period in 2022 and 42% higher than 2019, Rightmove added.
Persons:
Rightmove, Tim Bannister, Suban Abdulla, David Milliken
Organizations:
Thomson
Locations:
Britain, London