Rents recorded their largest monthly increase in a year in August, according to the latest Buy‐to‐Let Index from LSL Property Services plc.
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- Monthly rents hit new high of £713 pcm following seven consecutive months of growth
- Total annual returns increase to 2.6% as capital losses diminish
- Tenants’ finances under greater strain by rising rents and holiday spending as arrears grow by 19.5%
In August, the average rent in England and Wales rose by 1.2% to £713 per month, surpassing the previous record high of £705 in July. This is the largest monthly increase since August 2010. With annual inflation at 4%, the average rent is £27 pcm higher than August 2010. The average yield was 5.2% in August.
Full August Index PDF is available here.
