Newly agreed rents across Britain hit two-year high

Newly 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 by 2.7 per cent annually, hiking the average to £1,433 per month, up from £1,396 in September last year. Where an existing tenant’s rent increased, the average rise remained at 5.6 per cent, which Hamptons said was unchanged from August. According to the property firms data, London was recorded as having the highest average monthly rent of all areas in Britain, with renters spending an average £2,357 per month, which rose by 1.5 per cent compared to last 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, compared to a minimal 0.3 per cent rise for properties in th