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News Tag: LSL Property Services

December 21, 2012

Home rental costs down in November

by Jan Harris
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. The south east of England ...




November 16, 2012

Average rent rises to £744 a month

by Jan Harris
Average rent rises to £744 a month
The cost of renting a home continued to increase in October but at a slower rate, with the average monthly rent in England and Wales reaching £744, according to LSL Property Services. This is 0.4 per cent higher than the average in September and 3.4 per cent higher than in October 2011. October was the seventh consecutive month of rent rises, putting ...




October 19, 2012

Average rent rises to all-time high

by Jan Harris
Average rent rises to all-time high
The average rent on a home in England and Wales increased to £741 a month in September, according to the latest buy-to-let index from LSL Property Services. This was 1.1 per cent higher than the average rent of £734 in August and represents a new record high. However the rate of increase has slowed, from 1.2 per cent in August. On a ...




July 20, 2012

Rents rise to average of £718

by Jan Harris
The average cost of rent increased to £718 in June, just below the record high of £720 in autumn last year. With mortgage lenders tightening their borrowing criteria and ongoing economic difficulties, demand for rented accommodation is outstripping supply, causing rents to soar.
Rents rise to average of £718
LSL Property Services’ monthly index recorded a 0.9 per cent increase in average rents in June, the third ...




March 16, 2012

Stamp duty rush causes rents to fall

by Jan Harris
Stamp duty rush causes rents to fall
Rents on private accommodation fell by 0.6 per cent last month, to an average of £707, according to the latest Buy-to-Let Index from LSL, a provider of residential property services. The agency suggests that the fall is likely to be temporary as it is related to an increase in the number of tenants deciding to purchase a property. Many potential first-time ...




January 20, 2012

Cost of renting edges downwards

by Jan Harris
Cost of renting edges downwards
The average cost of renting a home in England and Wales fell to £711 in December, 0.8 per cent lower than November’s average, according to LSL Property Services’ latest Buy-to-Let Index. December was the second consecutive month in which rental costs have fallen, but over 2011 as a whole, they showed an increase of 4 per cent. The impact of Christmas spending ...




December 16, 2011

Rental costs fell in November

by Jan Harris
Rents fell in November
LSL Property Services, which includes Your Move and Reeds Rains, announced a 0.4 per cent drop in rent for a ‘typical’ property to £717 in November. Rents have been rising throughout the year, driven by increased demand from people unable to afford to buy a propert and November's decline marked the first fall in rent for 10 months. However, although this represents ...




October 24, 2011

LSL: Rents reach record high in September

by Kay Mitchell
”LSL:
A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a further record high last month. September represented the eighth consecutive month that the average rental cost rose. Lenders’ deposit requirements, together with unaffordable house prices, has meant the rental sector has been in high demand and this has driven up ...




September 16, 2011

LSL: Rents reach record high in August

by Kay Mitchell
”LSL:
A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a further record high last month. August represented the seventh consecutive month that the average rental cost rose. Lenders’ deposit requirements, together with unaffordable house prices has meant the rented sector has been in high demand and this has driven ...




August 19, 2011

LSL: Rents reach record high in July

by Kay Mitchell
”LSL:
A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a record high last month. July represented the sixth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £705 – an all-time high. However, rental costs vary across the country with London seeing ...




May 20, 2011

Average rent up 4.4% on year

by Kay Mitchell
”Average
A report by letting agency network LSL Property Services has revealed tenant demand has risen in recent weeks after April’s long bank holiday weekends and warm weather led to a surge in would-be tenants looking for property. According to the agency, rents grew by 0.8% in April to £692 per month compared with the previous month and on an annual basis, were ...