Private sector rents hit record high in July as tenants feel the pinch

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Published by Jon Land for 24dash.com in Housing and also in Bill Payments

Private sector rents rose to a new record high in July, according to the latest Buy-to-Let Index from LSL Property Services. Figures show average rents in England and Wales in July rose by 1% to £725 per month, surpassing the previous high of £720 in October 2011. On a monthly basis, rents rose in eight out of 10 regions in England and Wales. Rents in the South East climbed the fastest, increasing by 2.2%. The West Midlands saw the next largest increase, rising by 1.8%. But rents fell b...

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