Rents rise to record high

Published by The Local
on Tuesday, 21 December 2010
The cost of being a tenant rose to a record high during November as rents increased for the 10th consecutive month, but costs dropped by 3.1% in East Anglia, research shows.

The average UK rent jumped to £692 a month in November, the third month in a row during which it has reached a new high, according to lettings agent network LSL Property Services.

But the group said there were signs that the steep rises in rents may be coming to an end, with the latest growth of 0.1%, the smallest month-on-month increase since rents first began to rise in February.

Increases have already …

Tags: agent, landlord, property, property service, rent, rise, tenant

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