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Saturday, August 16, 2014

Rents show real increase

Residential rents are just 2% higher than a year ago according to letting agent LSL. Property Hawks own Rent Index shows that returns are even lower with rents shown as flat over the last 12 months.

The average rent according to LSL is £753 per month in July. This is up 2% over the year and shows a real increase of 0.1% over the last 12 months, the first real increase since May 2013.

These figures challenge again the Labour politicians claims that landlords are exploiting tenants by instigating massive rent rises.

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