Tuesday, 24 September 2013

Rents in the Private Sector Are Close To a Record High

Average monthly rents for England and Wales are just £1 behind their all-time high, according to a report. The buy-to-let index, produced by LSL Property Services, shows average rents rose to £743 in August - a monthly rise of 0.7%. The record high of £744 a month was in October 2012. Compared with August 2012, they are up 1.3%. However that is still below the inflation rate of 2.7%. London saw the highest rent increases with prices up 4.8% year-on-year.  Read more on the LSL website.

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