Rents are up..again!

Landlords have increased rents for the sixth consecutive month, hiking them by an average of 0.5 per cent in July.

The average UK rent is now £676 per calender month, which is 2.3 per cent higher than a year ago, data from the monthly buy-to-let index from LSL Property Services has shown.

LSL said that rents in July were just £12 shy of their peak two years ago. With the increase in rent, a landlord’s average yield stood at 4.9%.

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