Asking rents reach record high as demand rises in private rented sector

Demand from tenants looking for a new home in the UK increased 7% between May and June, an uplift seven times bigger when compared to the previous four year average of just 1% at this time of year, the latest index shows. In London there was a 13% increase in demand from May to June, compared to a four year average of 4%, according to the rental tracker index from property portal Rightmove.

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