Rents hit record high as housing demand outstrips supply | Money | guardian.co.uk
Rents in England and Wales rose by 0.7% in June to reach a new record high of £701 per month in June, pushing annual rent inflation to 4.1%. In London, rents broke through the £1,000 a month barrier for the first time, rising by 1% to reach a new high of £1,006 per month.
The latest LSL Property Services Buy-to-Let index shows that rental properties in London can be snapped up within a day of being advertised and there isn't enough rental property to match the soaring demand.
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