Rent rises slowed to their lowest rate in eight months, according to the latest Buy-to-Let Index from LSL Property Services plc.
 |
| [relatedPosts title=”Related Posts”] |
|
|
- Monthly rents hit new high of £720 per month, but rate of increase falls to slowest since February
- Total annual returns for landlords rise to 2.9% as property prices stabilise
- Tenants’ finances take turn for the worse as 10.1% of rent late or unpaid in October
In October, the average rent in England and Wales rose by 0.2% to £720 per month, the lowest monthly increase since February. Annual rental inflation also slowed to 4.1%, a decline from 4.3% in September. Despite the slower pace of increase, rents have now risen for nine consecutive months, and stand at a new record high. The average yield remained
steady at 5.3%.
Full October Buy-to-let index is available here.
