Rents fell for a second successive month in December, according to the latest Buy-to-Let Index from LSL Property Services plc.
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- Rents fall for second consecutive month, with a monthly decrease of 0.8% to £711 per month
- Despite a monthly decline, average rents have increased 4% annually
- Total annual returns for landlords increased to 3.7% as rental property prices stabilise
- Impact of Christmas spending drives up rental arrears, with 10.7% of all rent late or unpaid in December
In December, the average rent in England and Wales fell by 0.8% to £711 per month. Despite the monthly fall, annual rental inflation increased to 4% from 3.5% in November, as tenant demand in December surpassed that of a year ago.
Full October Buy-to-let index is available here.
