Rents hit Autumn high

The leaves may be falling but there is no sign of the usual fall off in rental levels appearing quite yet.

Rents are up 0.5% over the last month and have continued to surge past the £620 level for the first time according to figures from the Rentindex.

Another rent tracking service provided by LSL property services also indicates that on a national basis rents continue to increase, with typical average rents standing at £744 continuing a series of seven consecutive months of rises.  However, the increases are not even across the country, with rents in the capital London continuing to surge ( up 0.9 % on Septembers level ) whilst other areas such as the East Midlands were reporting falls.

Experienced landlords will know that rental levels will start to tail off in November and seasonally tend to start to pick up again from March onwards.

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