Wednesday, 1 October 2014

Private Rents 'Hit Record High'

Private sector rents have lifted to a new all-time average high of £761 a month as the peak season for tenants snapping up new homes gets under way, a major lettings network has reported. Rents saw a 2.4% increase in the 12 months to August across England and Wales, meaning they have edged £3 higher than a previous record set in October 2013 of £758 a month on average, according to LSL Property Services, which owns chains Your Move and Reeds Rains. The state of tenants' finances worsened as rents reached their new record levels. Read more on the Daily Mail website.

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