For several weeks now various agencies have been reporting a flood of tenants, but dearth of flats available to rent out. For several weeks we have included a Rental Index Graph in the blog menu (look left!) for the use of our readers, and now Mortgage Introducer has published some figures produced by the owners of several agencies LSL Property Services plc.
The average rent in the UK rose by 1% in June, with rents in London rising by 1.9%. Rents have risen for five successive months, and are 3.2% higher than a year ago – the highest level since November 2008.
Rental Index
