New rents rise at fastest pace in nearly two years, Hamptons says
Average newly agreed rents across Britain rose 2.7% annually in September to £1,433 a month, the tenth straight month of accelerating growth.
Rents agreed on new tenancies in Britain are rising at their quickest rate in almost two years, according to property firm Hamptons.
The company said annual rental growth on new lets picked up speed in September for the tenth consecutive month.
Hamptons put the average newly agreed rent at £1,433 per month, a 2.7% rise on the £1,396 recorded in September last year.
The South East and South West of England both saw annual growth above 4.0%, the first time this has happened since September 2024.
For existing tenants whose rent went up, the average increase held at 5.6%, the same as in August.
Aneisha Beveridge, head of research at Hamptons, said: "So far this year, higher rents have mainly been felt by tenants moving home." She added that if growth keeps accelerating, it is likely to reach more existing tenants in the coming months as the gap between new and existing rents grows.
The Hamptons lettings index draws on Connells Group data and is based on achieved rents rather than advertised ones.
