Rising interest rates and higher operational costs are closely linked to the amount that landlords charge for rent, according to Landbay's latest research.

In the capital, average rents are now £2,652 per calendar month after rising by 4% since last year.

Rents have grown by 6.7% % in the year to June as the summer surge begins.

Average rents had risen by an average of 0.8% in the years following the 2017 and 2019 elections, compared to a rise of 2.7% in the previous 3 elections.

Average rents are up by 1.4% during May and have hit the highest levels seen since October.

Across Great Britain, there are 28% more rental homes on the market than last year

The capital's landlords are benefitting from double-digit increases in rents, outdoing every other region of Great Britain.

The highest yields of 7.0% have been achieved by landlords in the North East and also those with HMOs

Average rental prices per property now stand at £1,166 per month, according to the latest data released by Goodlord.

Despite the pace of rental growth continuing to ease, newly marketed rental properties outside of the capital have seen average advertised rents hit a 17th consecutive record.