Rent Levels Reach Record High

Rent levels across England and Wales are at a new high, according to a new report. The latest figures from Your Move and Reeds Rains show the average rent is £10 higher than September 2013 at £768 per month - this is up nearly one per cent compared to August. The report shows that rents in five regions of England and Wales are higher than 12 months ago with the fastest annual increase in the East of England (3.1 per cent), followed by the South West (2.3 per cent) and London (2.2 per cent). Meanwhile, rents in the West Midlands are now 2.4% lower than a year ago, followed by an annual fall of 2.3% in the North East. Read more on the Independent website.