UK property rents fall for first time in 11 months

Published by Property Community
on Monday, 24 January 2011 by Ray Clancy
Property rents in the UK have fallen for the first time in 11 months, dropping by 1.2% in December to an average £684 per month, according to a new report.

Rents fell for the first time since January 2010, according to the latest Buy to Let Index from LSL Property Services, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.

Christmas spending brought a surge in arrears, with 11.7% of all UK rent in arrears, rising from 9.7% in November. Total annual returns also declined as house prices continued a steady fall.

Despite the decrease, …

Tags: arrears, letting agent, property, rent fallen, report, spending, uk

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