Rents keep rising

‘The latest LSL Property Services buy-to-let index has found that average monthly rents across England and Wales reached £744 in October, up 0.4% on September.

The typical cost of renting a home last month was 3.4% higher than in the same month back in 2011. The biggest increases were in London, up 0.9%, and the south east of England, up 0.7%.

The biggest drop was seen in the East Midlands, where rents fell by 1.8%.

David Newnes, director of LSL, said: “A combination of improved buyer activity and a seasonal slowdown has taken some of the heat out of the rental market. However, despite the deceleration, the fact that monthly rents rose by twice the rate seen a year ago points to the underlying strength of tenant demand”.

The level of late or unpaid rent fell to the lowest level since January, equating to 8.1% of all rent across England and Wales in October.’

Source: The Guardian

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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