Rental Index report for November 2009 from Findaproperty

• Rents rise by 0.1 per cent to £831pcm, the seventh consecutive month of stable or rising rents.
• Rents are still 2.5 per cent (£21pcm) down on last year, but the gap is diminishing.
• Properties now let within 55 days, 16 days less than at the beginning of the year.
• Supply of rental properties declines by a further 3.5 per cent in November, following a ten per cent fall last month.
• Houses for rent are fast recovering to last year's levels. With average rents of £871pcm they are just 1.7 per cent down on November 2008, and have increased by 0.1 per cent in the past month
• Flats, however, have seen rents remain stable month-on-month in November (£749pcm) and are down 4.1 per cent on the same period last year.

Read the full rental index report for November 2009 here