Rising property rentals hit record high

Published by Investor Today
By Mike Jones on Tuesday 19th October 2010
 
UK rents exceeded their pre-downturn peak in September to hit a record high, according to the latest buy-to-let Index from LSL Property Services.

In September, UK rents rose to £689, surpassing those seen in August 2008, the previous market peak. The average UK rent is now 3.1% higher than the same time last year, following eight consecutive months of rises.

The average yield …


Tags: avarage rent, downturn, peak, property, record, rents

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