Rents climb to record

The latest rental figures from LSL Property Services show that the average UK rent climbed to a record £692 in November.  This is the third month in a row that a record has been broken.

However, the amount of growth at 0.1% was the smallest since February when rents began their rising trend.  The overall rise is largely down to strong rental growth in London where rents grew by 1.8% over the last month off setting falls in other parts of the UK.

This fact is probably due to the seasonal dip highlighted by rental figures from the Rentindex which measures actual rents agreed by landlords as a posed to asking rents by the letting agent.

Discounted tenant reference