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Monday, November 21, 2011

Average rents slight rise

Letting agency LSL property services rental data shows a slow down in average rental figures in. Its latest monthly stats put average rents at £720 a month up just 0.2 percent from the previous month.

The underlying trend beneath the headline figure is a continued north  / south divide with the south-east seeing 1.5 percent increase and the north - east seeing a 1.4 percent fall.

"Rents are still heading northwards, but tenants may take comfort from the fact they did not climb at such a blistering pace in October," said David Newnes, director of LSL Property Services.

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