Report: Rents rise by smallest amount in four years

Rent has risen by its smallest amount in four years, with more people jumping on the property ladder, a major lettings networks has reported.

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For rent sign
The rise in rents have slowed to their lowest rate in four years, according to figures from LSL. Credit: PA

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The average rent across England and Wales has increased by just 0.9% over the last year, according to LSL Property Services.

However, this rise still pushes the average monthly rent up to £741.

The proportion of tenants' rent which is late or unpaid has dropped back from 8.5% a year ago to 7.8%, which LSL said was a further signs household finances were improving.

Read: Third of Brits 'worry they will never be able to buy a home'

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Report: Rent rises slow down as more tenants buy

Rises in rent costs have fallen to their slowest pace in four years as more people move onto the housing ladder, a major lettings network has reported. The average rent in England and Wales has increased by just 0.9% over the last twelve months.