Average rents across the country have risen above £800 a
month for the first time on record, according to the latest Buy-to-Let Index
from the estate agents Your Move and Reeds Rains. Rents in England and Wales rose
by 1.9 per cent in July to an average of £804, up from £789 in June in the
fastest monthly rise since records began in 2009. Tenants in London now pay an
average of £1,282 a month. Compared with July 2014, when the average rent in
England and Wales stood at £753, people taking out new tenancies in July 2015
were expected to pay 6.8 per cent more – the largest annual rise on record.
Read more on the Independent website.
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