Research from Hamptons agency shows that across the UK rents rose 8.5 per cent year-on-year.

The data shows that four of the ten fastest months for rent increases over the last decade have been since the Covid pandemic started.

Hamptons state that there is now lettings scarcity with 46 per cent fewer properties available on the market than at the same time two years ago. Rural and suburban areas have shown the greatest scarcity of rental homes on the market.

The research shows that London rents reduced whilst outside London rents rose 10.9 per cent annually. Six regions saw rental growth hit double digits in June, up from five in May.

Aneisha Beveridge, head of research at Hamptons, says: “Nationally, the last 12 months have seen five years of pre-pandemic growth squeezed into a year.  

“Rents are rising at such a pace that monthly rental growth figures could, in more normal times, be mistaken for annual ones.  While this growth is underpinned by a lack of stock, it will ultimately be tapered by affordability.”