The cost of rent across England rose for the fifth consecutive month during May, according to PropTech firm Goodlord.
During the month, voids also held steady - evidence that market demand remains strong heading into summer, traditionally the busiest time of year for the sector.
Six of the eight regions monitored by Goodlord saw rents rise over the course of May. The average cost of rent per property in England is now £1,111. This is up from £1,103 in April, a one per cent increase.
Rents have now risen for five consecutive months. And prices are now at their highest level recorded since September 2022.
The biggest shift in prices during May was recorded in the South West, where rents were up by nearly three per cent - rising from £1,062 to £1,092.
Only two regions recorded a decline in the cost of rent, albeit negligible. The East Midlands saw costs drop by 0.47 per cent and the North East by 0.19 per cent.
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