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19/10/2012
Rents Reached Record High In September
Rents in England and Wales reached a record high in September when they rose by a further 1.1%, a survey has said.
LSL Property Services, which owns the Your Move and Reeds Rains property chains, said that the average rent was now £741 a month.
This was 1.1% higher than August and 3.2% up on the same month a year earlier.
Rents rose in seven different regions, at a peak time of tenant demand, and is believed to be driven by increases in London and the South East of England, the survey said.
"Rents have risen consecutively for half a year as tenant demand strengthens on the back of a historically subdued mortgage market," said David Newnes, of LSL.
"However, every pound monthly rents go up by is another pound that renters cannot save for a deposit for their first home. This is lengthening their stay in rented accommodation, and increasing competition in the private rented sector."
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LSL Property Services, which owns the Your Move and Reeds Rains property chains, said that the average rent was now £741 a month.
This was 1.1% higher than August and 3.2% up on the same month a year earlier.
Rents rose in seven different regions, at a peak time of tenant demand, and is believed to be driven by increases in London and the South East of England, the survey said.
"Rents have risen consecutively for half a year as tenant demand strengthens on the back of a historically subdued mortgage market," said David Newnes, of LSL.
"However, every pound monthly rents go up by is another pound that renters cannot save for a deposit for their first home. This is lengthening their stay in rented accommodation, and increasing competition in the private rented sector."
(H)
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18 October 2013
Private Rents Reach Record High
A property survey has found that the average cost of private rentals in England and Wales have risen by 2.1%, reaching a record high. According to the LSL Property Services produced report, average rents across England and Wales now stands at £757 per month. In September there was a 2.1% increase on the same month a year previous and a 1.
Private Rents Reach Record High
A property survey has found that the average cost of private rentals in England and Wales have risen by 2.1%, reaching a record high. According to the LSL Property Services produced report, average rents across England and Wales now stands at £757 per month. In September there was a 2.1% increase on the same month a year previous and a 1.
18 May 2012
LSL Say Private Rents On The Rise
New figures published by letting agency group LSL Property Services have shown that private rents in England and Wales rose by 0.5% in April, pushing the average rent up to £709 a month. It was the first recorded increase for three months, and left rents 2.4% higher than a year ago.
LSL Say Private Rents On The Rise
New figures published by letting agency group LSL Property Services have shown that private rents in England and Wales rose by 0.5% in April, pushing the average rent up to £709 a month. It was the first recorded increase for three months, and left rents 2.4% higher than a year ago.
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Scotland Sees Fastest Growth In £1m Home Sales
Scotland delivered the fastest growth rate in million pound property sales in the UK over the past year according to a Halifax survey. Million pound property sales have risen by 138% from 144 sales in 2006 to 343 in 2007. Martin Ellis, the bank's chief economist, said: "Edinburgh continues to account for the significant majority of £1m sales.
Scotland Sees Fastest Growth In £1m Home Sales
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17 August 2012
Rental Prices At 'Record High'
Private tenants in England and Wales are paying an average rent of £725 a month, a new record high, according to a letting group. LSL, which owns the Your Move and Reeds Rains property chains, said average rents rose by 1% last month and were 2.9% higher than a year ago. This was due to growing numbers unable to get a mortgage, it said.
Rental Prices At 'Record High'
Private tenants in England and Wales are paying an average rent of £725 a month, a new record high, according to a letting group. LSL, which owns the Your Move and Reeds Rains property chains, said average rents rose by 1% last month and were 2.9% higher than a year ago. This was due to growing numbers unable to get a mortgage, it said.
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