Wednesday, August 21, 2013
Renters 1 – Landlords 0
Why buy an overprices asset when you can rent one cheaper? The average monthly rent in England and Wales increased 1.8pc in the year to July, slower than CPI inflation of 2.8pc and slower than house price inflation. Seven regions out of ten saw rents rise in the last 12 months. By far the most rapid of these increases was in London at 5.7pc. LSL says although this has brought rents in the capital to a fresh record, the pace of annual rises has slowed. his week, credit referencing agency Experian published research that suggests tenants - where they can afford to - are leaving the rented sector and buying property. This risks causing a glut in the rental space, with the number of properties advertised to let increasing sharply between April and June.