Rents rises con­tinue as de­mand grows

Yorkshire Post - Property - - PROPERTY -

Rents across the UK have reached a high of £689 per month. Ac­cord­ing to the new LSL rental in­dex, they have risen for eight con­sec­u­tive months.

This year’s rise has been largely driven by the south-east and London, where rents are also the high­est on record, at an av­er­age £972 a month – a rise of 6.8 per cent since the start of the year. How­ever, there were mod­est falls in the South-West and North-West.

LSL also es­ti­mates that 10 per cent of all rents are cur­rently in ar­rears. Buy-to-let lender Paragon agrees. Nigel Ter­ring­ton, Paragon Group chief ex­ec­u­tive, says: “De­mand for pri­vate rented prop­erty is buoy­ant.”

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