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Searches for rental property up 80% in two years

Figures from Rightmove reveal:

  • The number of rental property pages people are looking at is up 80% over the past two years
  • Rental stock has increased by 20% the past two years
  • Around 60% of all stock in London on Rightmove is for rent
  • There are more rental properties than for sale properties in London every month
  • Prospective tenants are searching on the go: mobile now accounts for around 40% of all page views
  • Email enquiries per property are up 50% in the past two years

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London property asking prices soar to a new high.

House sellers' asking prices have soared to a new high. Credit: Tim Ireland/PA Wire

The average asking price for a London property has surged past the half a million pound milestone for the first time this month, standing at £509,870 typically.According to property website Rightmove, prices in the capital are 8.6% higher than a year ago and more than double the national average.