New data from a survey by LSL Property Services, the cost to rent a home in England and Wales was down for the first time in ten months in November. Rents dropped by 0.4 percent across England and Wales from October to November, to an average of £717 per month. Average monthly rents in London [...]
The Council of Mortgage Lenders (CML) has released new data showing that lending for home purchases was down by 4 percent on October over September, although it was up 16 percent over October 2010. £13.1 billion was lent in October, down from £13.7 billion in September but up from just £11.6 billion in October of [...]
Housing charity Shelter has released a report showing that private rentals are too expensive for working families in more than half of the local authorities in England. Rents are most unaffordable in London, where average rents for a two-bedroom home cost more than 50 percent of the average local take-home salary in 22 boroughs and [...]
The most recent LSL Property Services Buy-to-Let Index shows that renters paid 1.2 percent more in rent in August than they did in August last year. The new survey shows that renters in England and Wales paid on average £713 per month, a record high. Rents rose for the seventh month in a row, with [...]
Rents were more expensive for tenants in private properties in England and Wales in July, up 0.6 percent over June to an average of £705 per month. The figures, from LSL Property Services, show that average rents were up £29 per month over last year in July and above June’s average of £701. Rents have [...]
New data gathered in a survey by LSL Property Services shows that rents in England and Wales hit a record high in June, the fifth month in a row that rents have risen. Average rents in England and Wales gained 0.7 percent from May and were up 4.1 percent from June 2010, to an average [...]
Demand for rental homes is up in the UK, according to the Association of Residential Letting Agents (ARLA). The ARLA said that among its members, 74 percent had more people wanting to rent than properties to rent to them. The oversupply of potential renters is a result of a housing market in which more and [...]
A new survey shows that rents are rising in the UK, propelled by the difficulty in securing a mortgage that is forcing more people into rental housing. The Royal Institution of Chartered Surveyors (RICS) said that 42 percent more surveyors saw a rise in rents in the three months ending in April than saw declines, [...]
