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Written by rosalind renshaw

Rent rises have accelerated to hit a new high – and tenant arrears have crept up.

According to LSL, owners of the Your Move and Reeds Rains chains, the average rent in September across England and Wales reached £741 per month.

That represented a rise of 1.1%, surpassing the previous record high of £734 set in August. Annually, rents went up by 3.2% across England and Wales, accelerating from an increase of 2.9% in August.
Monthly rents in London and the South-East went up the most, with rents rising by 1.7% and 1.9% respectively. Average rents across London are now a record £1,092 pcm, 6.2% higher than a year ago.

There were rent falls in three regions last month: the East of England, Yorkshire & the Humber, and the West Midlands.
Average tenant finances deteriorated slightly, with 9.1% of all rent late or unpaid at the end of September.

But how solid is the LSL data? A new challenger has launched. See next story.


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    Who would have thought it!
    In this country prices are governed by 'Supply & Demand', unless there is financial intervention by a third party?

    • 23 October 2012 11:47 AM
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