Friday 18 November 2011

Tenants' costs of renting a home 'up again'

The cost of renting a home in England and Wales has risen for the ninth consecutive month but the rate of increase has slowed, a survey has said.

LSL Property Services, which owns agencies such as Your Move and Reeds Rains, said that the average rent climbed to £720 a month in October.

However, the 0.2% monthly increase was the smallest rise since February.

Frustrated first-time buyers continuing to rent and a shortage of rental property have led to rising costs.

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