Rent costs spiralling

19th June 2015

The average cost of renting a flat or house in London has reached £1,500 a month, according to a new survey. The data shows that rents have risen by 12.5% across the country in the past year with tenants on average asked to pay £751 a month outside the capital. Its survey also shows rental costs over the past three months have gone up five times faster than tenant income. Only three regions in the country have shown a fall in rental prices – the north west, East Anglia and Yorkshire and Humber.

The Guardian (16/06/2015)