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18/10/2013
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 1.8% increase on August.
David Newnes, director of LSL Property Services, said: "A new peak in tenant demand has driven rents to new heights, well above all previous records. Higher rents in almost every regions how that, despite government schemes, buying a first home is still a difficult aspiration.
"This is not only down to low salary growth, but also a general shortage of supply – which is the underlying reason why homes are getting more expensive. The long term - trend to renting therefore looks unlikely to change significantly in the near future, despite the better availability of finance compared to previous years."
(MH/IT)
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 1.8% increase on August.
David Newnes, director of LSL Property Services, said: "A new peak in tenant demand has driven rents to new heights, well above all previous records. Higher rents in almost every regions how that, despite government schemes, buying a first home is still a difficult aspiration.
"This is not only down to low salary growth, but also a general shortage of supply – which is the underlying reason why homes are getting more expensive. The long term - trend to renting therefore looks unlikely to change significantly in the near future, despite the better availability of finance compared to previous years."
(MH/IT)
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19 October 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 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.
28 May 2003
Survey says property rents hit two-year high
Demand for rental property is at its strongest for two years, keeping rents steady across most of Great Britain, the Royal Institution of Chartered Surveyors has claimed today.
Survey says property rents hit two-year high
Demand for rental property is at its strongest for two years, keeping rents steady across most of Great Britain, the Royal Institution of Chartered Surveyors has claimed today.
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.
01 May 2003
Record fine imposed on FA over Turkey game
The English Football Association was today handed a record fine by UEFA and issued with a final warning on the future conduct of fans. UEFA's Control and Disciplinary Body today found the FA guilty of the disciplinary charges and fined them €99,000 - the highest ever fine for a racism-related charge.
Record fine imposed on FA over Turkey game
The English Football Association was today handed a record fine by UEFA and issued with a final warning on the future conduct of fans. UEFA's Control and Disciplinary Body today found the FA guilty of the disciplinary charges and fined them €99,000 - the highest ever fine for a racism-related charge.
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