Friday, September 17, 2010
Where’s our bailout?
Tenants are facing steep increases in rents as landlords push prices back to levels not seen since the start of the economic slowdown, according to the LSL monthly index of buy-to-let rents. The worst increases are in the south-east where, according to LSL, in just one month alone landlords have pushed up rents by 2.8% â€“ far outstripping wages. London also saw a 2% rise during August, with the average charged now standing at Â£961 a month. Over the year, the Yorkshire and Humberside region has suffered the biggest annual rise, up by 5.4% to an average of Â£528.