15 Apr

Value boost for property to rent in London

Value boost for property to rent in London

Houses to rent in London have seen their monthly costs increase by 7.3 per cent over the last 12 months, research has revealed.

The latest LSL Property Services Buy-To-Let index shows property to rent in London leading the way as landlords enjoy increased rental yields.

In addition, the south-east of England reports a rent increase of 6.7 per cent over the last year, pushing up the price of houses to rent in Kent and property to rent in Sussex.

Monthly data has confirmed that rents across England and Wales rose by 0.4 per cent in March, with average monthly costs now £687.

David Newnes from LSL Property Services believes demand for rental properties is going from "strength to strength".

He explained: "The growing demand continues to outstrip supply, and this is pushing rents upwards."

The south-east of England is currently at the forefront of an influx of high-value property available to rent in the UK, according to the Association of Residential Letting Agents (Arla).

Rental property data for the first quarter of 2011 shows an 16.2 per cent rise in average capital values.ADNFCR-1222-ID-800502563-ADNFCR

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