Cost To Rent Increasing

The cost to rent a property in England and Wales increased to £696 per month on average in May according to a new survey by LSL Property Services.

The survey also found that more than 1 in 10 people were late or missed their rent payment in May.

The rocketing cost of living, combined with ongoing difficulty first-time buyers are experiencing in obtaining a mortgage, is increasing the number reliant on rental accommodation,” said David Newnes, of LSL.

 

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