Rents hit a new record high in July according to the latest buy-to-let index from LSL Property Services. You might think that’s good news. It might be for landlords. But for us, it’s another symptom of the country’s malfunctioning property market.
The average rent is now £725 per month according to LSL – up 2.8% compared with a year ago. London continues to roar ahead but rents are not going up as fast as they were at the beginning of the year.
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