It has published its latest Price Index of Private Rents (PIPR), which adds that rental inflation is down from 9.2% in the 12 months to March 2024.
Average rents rose to reach £1,293 in England, £730 in Wales and £952 in Scotland in April 2024.
London rents
In England, rental inflation was highest in London (10.8%) and lowest in the North East (5.8%), in the 12 months to April 2024.
In Great Britain, the average rent was highest in Kensington and Chelsea (£3,356) and lowest in Dumfries and Galloway (£477).
Nathan Emerson, CEO of Propertymark, said: “As many people continue to grapple with what has been a very challenging few years financially, the pressure remains for some renters.
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“Ultimately, there are a few reasons why rents continue to rise. However, what we are seeing is many landlords who strive to provide high-quality accommodation currently being squeezed out of the sector due to aspects like elevated interest rates and proposed changes to background legislation.
“Therefore, we need to see a much greater focus on ensuring the supply of homes meets current demand levels.”
Related: Tenant demand still strong, say 83% of landlords
