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TODAY'S OTHER NEWS

Rents hit all-time high according to government figures

The average monthly private sector rent in England over the 12 months to September was £725.

The figure, released over the weekend, was the highest ever recorded by the Office for National Statistics.

There were huge regional differences of course.

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London had the highest median monthly rent at £1,435 - just about double the all-England average - while the least expensive area was the North East on just £495.

When looked at on a local authority basis the difference in monthly rent between the most and least expensive locations was nearly £2,000 reported the ONS.

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  • Daniela Provvedi

    Oh is this true?
    I've given tenants in 2 of my properties a 30% monthly discount since May, due to covid, and another 2 of my properties a 5% monthly discount. I hear that other LLs have done the same.
    So how is it possible that the figures for 12 months until Sept have been the highest ever recorded by the ONS??

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    My rents are unchanged but will go up for new tenants, or for existing tenants if rent control s are enacted as threatened.

     
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    Afraid rents are only going up with mine. Its for the tenants own good. If im not running this business into profit and managing the tenancies properly then they wont have a roof over their head come next Xmas.

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