Rents hit record high as first-time buyers wait to get on property ladder | Money | guardian.co.uk
A spring surge in demand from tenants pushed rents back up to record high levels during April. The typical cost of renting a home jumped by 0.8% during the month to £692, matching the record reached in November last year, before rents suffered a seasonal downturn, according to the UK's biggest letting agency network LSL Property Services.
The latest jump has left rents 4.4% or £30 a month higher than they were in April last year, the strongest annual growth rate since November 2010.
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