Rents continue to rise

Rents continue to rise according to the Rentindex with the latest figures indicating the average buy-to-let rent has reached just shy of £612 up 2.5% over the last 3 months. The average buy-to-let rent now equals the record level achieved during the early Autumn of last year.  The latest Rentindex rental figures indicate that average rents are rising at an annualised rate of just over 4%.  This is at a faster rate than that announced recently by LSL Property Services who's backward looking figures recorded an annualised rise of  just 2.3% in April.  The LSL figures indicate that the North West is the area where rents are rising fastest with an increase of 1.7% in May.

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