While Rightmove plc ( LON:RMV ) might not be the most widely known stock at the moment, it received a lot of attention...
Landlords are asking for a record high rent of £1,172 per month, according to property portal Rightmove, as experts warn rents will keep on rising.
Property website Rightmove said tenant competition dropped by 6% between October and December compared with the same period in 2021, and was down by a third from September, when the gap between supply of home and demand from tenants reached the highest since records started in 2012. Demand last September was up by 20% from a year earlier while the supply of available properties to rent fell by 9%. Tim Bannister, director of property at Rightmove, said the pace of rent rises looked set to slow this year despite demand remaining strong.