Monday, 12 September 2011
Rogue landlords and agents flourish as demand for rented homes soars
There are some 3.4 million rented homes in England alone, a 40 per cent rise over the past five years. Many desperate tenants are now falling victim to rogue landlords and greedy lettings agents who are cashing in.
The latest Royal Institution of Chartered Surveyors' (Rics) Residential Lettings Survey shows that 25 per cent more chartered surveyors reported a rise in demand than a fall. This rental boom has seen rents soar, with the average rent in England and Wales up 0.6 per cent to £705 per month in July, according to the latest Buy-to-Let Index from LSL Property Services.
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