Private rents soar to record high, new data shows

Private rents have reached a new high, according to research by lettings network LSL Property Services.

Private rents have reached a record high across England and Wales, according to new research.
Private rents have reached a record high across England and Wales, according to new research. Credit: PA

Rents across England and Wales reached a record £757 a month on average in September after jumping by 1.8% month-on-month, according to LSL, which owns chains Your Move and Reeds Rains.

The announcement comes despite moves by the Government to ease first time buyers’ jump onto the housing ladder.

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Private rents'soar to record high'

Private rents across England and Wales soared to a record high of £757 a month on average in September, according to research by lettings network LSL Property Services.