Rental market at its ‘most competitive’ ever
Demand among tenants has jumped for properties where all the bills are included in the rent, according to Rightmove.
The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year.
Millions of people are facing rising domestic gas and electricity bills as the cost of living soars.
The prospect of further rises will have increased demand for all-in rent.
Existing pressure on tenants' finances comes as the average monthly rent being advertised across Britain (excluding London) was a record £1,088 in the first three months of the year. That was an 11% annual increase, Rightmove said.
In London, average asking rents have increased by 14% annually to £2,195 per calendar month.
There are also more than triple the number of tenants inquiring as there are rental properties available, making the market highly competitive, according to the website.
Homes with balconies, communal gardens, properties allowing pets and those offering zero deposits were all popular, it said.
Nearly two-thirds (63%) of landlords told Rightmove they have kept rents the same for their tenants over the past year, with the remaining 37% saying they have increased their rents.
The Royal Institution of Chartered Surveyors (Rics) said earlier in the week that 63% of property professionals expected rents to rise in the next three months, the highest proportion since its records started in 1999.
- Graham + Sibbald Open Dunfermline Office
- Why Should Companies Make the Move to Electric Cars?
- Something for Everyone at Blair Horse Trials 2022
- Blackadders LLP Employment Law Team Shortlisted for the Scottish Legal Awards
- Scotland’s Onshore GDP Decreased by 0.5% in April
- Energy Bill and Tax Rebate Scams on the Rise
- Steel import tariffs extended for two years
- MSPs Back Making Emergency Covid Powers Permanent
- Inflation pushes UK government interest costs to May record
- Second 24-hour rail walkout after talks collapse
- British Airways Heathrow staff back summer strikes over pay
- People cut back on food shopping as price rises bite
- New £2m fund to cut environmental impact of textiles
- New £200 million to back innovative agriculture projects
- Landlord warning over making Covid eviction laws permanent
- G7 Leaders detail $600bn plan to rival China's Belt and Road initiative
- Independent report into funding for tax and welfare devolution
- Scottish councils given powers to run own bus services
- Royal Mail workers to vote on strike over pay
- Scottish film industry projected to grow to £1 billion by 2030
- Scottish Government announces £10m investment in net-zero energy
- 19 October 2023 proposed as date for second Scottish Independence Referendum
- Great Perthshire Festival 2022
- Courier Awards