Rents hit a record high - but is the opportunity for buy-to-let investors still strong?

UK rent prices have hit a record high with the average hitting over £1,200 a month says Rightmove. Are there still opportunities in buy-to-let?

Model house and stacks of coins
(Image credit: Getty Images)

House prices may be dropping but tenants seeking new properties are facing record rents.

New figures from property website Rightmove show the average advertised rent for a home across Britain, excluding London, reached a record high of £1,278 per month in the third quarter of this year.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.