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Tenants pay more on rent bills

17 December 2010
Written by rosalind renshaw

The cost of renting has risen for the tenth consecutive month, LSL has reported.

The group, which is parent company to Your Move and Reeds Rains, says the average UK rent now stands at £692 per month.

However, recent rent increases seem to have ended in several parts of the country, says LSL. Branches in the east of England and the East Midlands reported falls of 3.1% and 2.4% in November, whilst rents dropped by 1.9% in the South-East and by 0.6% in the North-West.
 
The marginal monthly national gain was largely driven by rents rising by 1.8% in London, where they hit £992 per month – an increase of 9.2% in the last year.

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