Friday, December 17, 2010
"The average monthly cost of renting a home rose again in November, to a record Â£692, according to the LSL property index... The survey also found that arrears had risen, with 9.7% of all rents unpaid... Rents had now risen for 10 months in a row, LSL said. However, it said November's rise was mainly due to strong demand for rented property in London, where rents had increased by 1.8% last month. Elsewhere they were now falling - down by 3.1% in eastern England and 2.4% in the East Midlands during November alone. They also dropped by 1.9% in the south-east of England and by 0.6% in the north-west of England."