Rents rise to near record levels

To Let signs Rents rose everywhere except the South West of England

Private rents in England and Wales are rising again, according to the letting agency group LSL Property Services.

Its monthly index shows average rents rose in June for the third month in a row, up by 0.9% to £718.

That means rents are now just short of the record of £720 recorded last autumn.

LSL said rents rose everywhere except the South West of England, and overall the amount being paid by tenants is 2.4% higher than a year ago.

David Newnes of LSL said: "The sheer weight of tenant demand continues to push up rents across the country.

"The rental market tends to see a flurry of activity at this time of year, as tenants look to move before the onset of summer holidays, but this trend has been exacerbated - especially in London - by tenants moving with urgency to secure properties ahead of the disruption of the Olympics."

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • An undated file photo posted on 27 August 2014 by the Raqqa Media Center of the Islamic State group, showing IS fighters waving the group's flag from a damaged government fighter jet in Raqqa, Syria.Adapt or die?

    IS militants seem to be changing tactics after air strikes


  • signClean and tidy

    Things that could only happen in a Hong Kong protest


  • Child eating ice creamTooth top tips

    Experts on ways to encourage children to look after their teeth


  • Almaz cleaning floorAlmaz's prison

    Beaten and raped - the story of an African servant in Saudi Arabia


  • Train drawn by Jonathan Backhouse, 1825Original 'geeks'

    What hobby did this drawing start in 1825?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.