Private Rents Up for Sixth Straight Month

The price of privately renting a home in England and Wales rose for a sixth successive month in September according to lettings agent network LSL Property Services.  Rents hit a new record high in September of £741 per month. Although the increase of 1.1 per cent was lower than August’s 1.2 per cent, the figure represents a rise of 3.2 per cent from the same time last year. This means that rents are going up at a faster rate than inflation, with the Office for National Statistics last month announcing that the consumer price index for September was just 2.2 per cent.  Read more on Inside Housing.