Average rent up again in September

LSL Property Services latest rent figures show a sharp increase of 1.1% during September putting their average rental figure up to a record £741 a month.

The figure is 3.2% up from September 2011.

Increases in rents were once again driven by London and the South East of England.

"Rents have risen consecutively for half a year as tenant demand strengthens on the back of a historically subdued mortgage market," said David Newnes, of LSL."However, every pound monthly rents go up by is another pound that renters cannot save for a deposit for their first home. This is lengthening their stay in rented accommodation, and increasing competition in the private rented sector."

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