{"id":1801,"date":"2012-09-24T09:00:45","date_gmt":"2012-09-24T09:00:45","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=1801"},"modified":"2012-09-24T09:00:45","modified_gmt":"2012-09-24T09:00:45","slug":"uk-property-rents-still-climbing","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/uk-property-rents-still-climbing\/","title":{"rendered":"UK Property Rents Still Climbing"},"content":{"rendered":"

PRS Rents Soar To New Record Highs!<\/span><\/h2>\n
\"PRS<\/a>

PRS tenant rents are still rising - squeezing finances even further<\/p><\/div>\n

UK landlords have been urged to take action to protect rental income<\/a> as a new survey reveals private sector rents have\u00a0risen to\u00a0a new record high\u00a0this year.<\/p>\n

The research carried out by LSL Property Services has revealed that property rental prices in the UK private rental sector (PRS) have risen for the fifth consecutive month this year.<\/p>\n

Typical monthly rents increased 2.9% year-on-year to reach \u00a3734(GBP) in August 2012, surpassing the previous high of \u00a3725(GBP) recorded the previous month.<\/p>\n

Would-be buyers are struggling to raise the deposit needed to purchase property in the UK and many are failing to meet the tough borrowing criteria implemented by mortgage lenders and banks.<\/p>\n

David Newnes Director of LSL Property Services said “The rental market is right in the thick of its peak season and the demand from graduates and those starting new jobs has added a new layer of competition on top of the existing pool of frustrated buyers,”<\/p>\n

Private sector rents have reached record levels in 5 regions in the UK including:<\/p>\n