Rents recorded monthly rises in all regions for the first time on record in September, according to the latest Buy‐to‐Let Index from LSL Property Services plc.
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- Rents rise in all regions for first time on record
- Monthly rents hit new high of £718 per month, reaching record highs in six regions
Yields rise to 5.3% while total annual returns for landlords drop to 1.8% as property prices drop annually - Tenants’ finances recover after summer spending as arrears drop to lowest level in over a year
In September, the average rent in England and Wales rose by 0.7% to £718 per month, surpassing the previous record high of £713 in August. With annual rental inflation at 4.3%, the average rent is £29 pcm higher than September 2010. The average yield in September rose from 5.2% to 5.3%.
Full September Buy-to-let index is available here.
