Saturday 19 February 2011

BBC News - Rental costs and arrears falling, says LSL

BBC News - Rental costs and arrears falling, says LSL

The cost of renting and rent arrears fell slightly in January compared with the previous month, a survey has suggested.

However, both remained at relatively high levels, the research by LSL Property Services indicated.

The average rent in England and Wales dropped by 0.3% in January from the month before to £682 a month.

Although tenant arrears also declined, 11% of all UK rents remained in arrears in January, the group said.

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