Rents are picking up in England and Wales as landlords
begin to pass on higher taxes from the Treasury to tenants. The average rent
grew 3.3% over the year to February 2016, hitting £791 a month, according to
the buy-to-let index from Your Move and Reeds Rains. In February 2015, the
annual growth rate was 3.1%. Month-on-month, the increase was 0.1%, the first
monthly rise since September 2015. When taking into account rent and house
price growth over the 12 months to February, landlords made an average return
of 12.7% on their investment — a 17-month high. Read more on the International
Business Times website.
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