Rent rise is fastest for a year, says LSL

[AtW]

The cost of renting a home rose at its fastest rate in a year - with the average tenant paying £713 a month, a survey has said.

Tenants paid 1.2% more on average to rent a property in the UK in August than they did in July, according to LSL Property Services.

The cost rose quickest in Wales and the South East of England in the last month.

Tenant arrears increased for the first time since April, the survey added.

"We are in the thick of the busiest time of year for the rental market, and red-hot demand for properties is driving rents up at their fastest monthly pace in the last 12 months," said David Newnes, LSL's estate agency managing director.

"Recent graduates moving for their first jobs have further exaggerated the long-term and growing demand from frustrated buyers.

"In the last two years, average rents have risen by more than £50 a month."

Source: BBC News - Rent rise is fastest for a year, says LSL

[doodab]

Hopefully wages will start to rise again too and the debt problem will start to seem less ominous.

[DimPrawn]

Hopefully wages will start to rise again too and the debt problem will start to seem less ominous.

[PAH]

Hopefully wages will start to rise again too and the debt problem will start to seem less ominous.

No chance. There's too many EU citizens willing to do tulip work for tulip pay.

They don't worry as much about rent as they are only here short term, to save up and go home where cost of living is much cheaper, so share several to a room to keep rent costs down.

That's just the influence EU labour can have. There's globalisation applying a downward pressure on wages too.

So why pay whinging, striking UK citizens more when they can either get in cheap labour from eastern Europe, or outsource to asia?

Is that being pessimistic, or realistic?

[doodab]

No chance. There's too many EU citizens willing to do tulip work for tulip pay.

They don't worry as much about rent as they are only here short term, to save up and go home where cost of living is much cheaper, so share several to a room to keep rent costs down.

That's just the influence EU labour can have. There's globalisation applying a downward pressure on wages too.

So why pay whinging, striking UK citizens more when they can either get in cheap labour from eastern Europe, or outsource to asia?

Is that being pessimistic, or realistic?

Probably realistic at the moment, but I think at some point someone will realise wage inflation will increase tax revenue and balance the books, and it will start to be encouraged. Extra money in people's pockets will also be a vote winner come election time.

[Freamon]

according to LSL Property Services.

In other news, butchers say the price of sausages is rocketing right now so you'd better get some while they're still cheap.

[Paddy]

In other news, butchers say the price of sausages is rocketing right now so you'd better get some while they're still cheap.

Funeral directors say that there is stiff competition

[doodab]

Porn directors say that there is stiff competition

That too.