Rent rise of 3% recorded in 2014

LSL Property Services has reported an average 3% rise in rents over 2014 across England and Wales. This translates to an average rent figure of £767 per month. As usual there are regional variations with a 7.6% rise in the East of England, but a 2.1% fall in the North East. Total annual returns on the average rental property are also on the up, with an average value of 11.1% over the twelve months to December 2014 compared to 9.2% over the course of 2013.

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