Cost To Rent Increases At Fastest Rate For A Year

New figures released by LSL Property Services has found that the cost to rent has grown at the fastest rate for a year.

The average cost to rent in the uk is now £713 PCM which increased from £705 PCM last month, an increase of 1.2%.

“We are in the thick of the busiest time of year for the rental market, and red-hot demand for properties is driving rents up at their fastest monthly pace in the last 12 months,” said David Newnes, LSL’s estate agency managing director.