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Monday, February 20, 2012

Rents rise in January

 January saw a rise of 0.1 percent on the average monthly rent in England and Wales to £712 according to figures from LSL Property Services.

David Newnes, director of LSL Property Services said: "The rental market burst back into life unseasonably early in January, with tenants on the move trying to take advantage of what is usually a quieter period for the rental market.The depth of the underlying demand sustained a higher level of competition for rental property during the Christmas period, preventing more severe falls in rents than we'd normally see during the period."

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