Rents are going skywards, says LSL

Rents are at a record high across England and Wales, according to LSL firms Your Move and Reeds Rains.

They said that the average rent stood at £774 in April, including £1,204 in London.

In England and Wales, rents jumped 4.6% year on year last month, growing on a monthly basis by 0.8%. In London, the monthly rise in rents was 2.3%.

Adrian Gill, director of the firms, said: “Rents are going skywards and still accelerating.”

Annual rents in the east of England increased by 12.5% annually. In London they shot up by 7.8%, and rose in Yorkshire & the Humber by 2.2%.

But rents fell in Wales by 2.8% annually and the north-west and north-east of England by 1.4%.

x

Email the story to a friend



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.