Property News · October 16, 2015

Average monthly rent hits record high of £816, highlighting housing shortage


Rents rose across most of England by averages of 6.3% and 8.5% in past year, say separate studies, but fell in the north-west, north-east and WalesInflation may have dipped into minus figures, but rents have leapt by an average of between 6.3% and 8.5% over the past year, according to two reports, highlighting the dramatic extent to which the cost of a place to live has uncoupled from the cost of living.The average rent paid by private tenants in England and Wales reached a record high of £816 per month in September, compared with £768 a year earlier, said letting agents Your Move and Reeds Rains. Meanwhile, the latest official inflation figures showed UK prices were 0.1% lower than this time last year. Continue reading…

Source : theguardian.com
Read more…Average monthly rent hits record high of £816, highlighting housing shortage

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