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Rents reached record high in April, survey says

Rents rose by 0.8% compared with the previous month and were 4.4% higher than a year earlier, letting agency network LSL Property Services said. This meant that, on average, landlords were charging nearly £30 a month more than a year ago. London and the south-east of England saw the biggest annual rent rises.

Arrears

The warm weather and long bank holiday weekends prompted potential tenants to search for homes, said the group, which owns a lettings agents network including chains such as Your Move and Reeds Rains.

This rise in demand pushed up the cost of renting to the same record level as in November 2010, LSL said.

The east of England was the only region where rents had fallen compared with a year ago, the survey suggested. Read More:

 

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