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Monday, September 15, 2014

Landlords take in £2.7 billion in rent

Landlords now take in a total of £2.7 billion in rent per month according to the latest figures from landlord insurance company Direct Line.  This is a total of £32 billion over the year.

Unsurprisingly, a massive 44% of rents is paid in London, which has the highest proportion of private renters.  Next comes Bourmouth, with 30% of households renting privately.

Outside London, Leeds pays the most in rent, with a total of £565 million.

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