The average rent in the UK rose by 0.5% to £667 per month in May, according to the latest Buy-to-Let Index from LSL Property Services plc.
Rents have risen for four successive months, and are 2.7% higher than a year ago. The average UK rent is now £18 per month higher than May 2009.
Yields on buy-to-let properties remained at their highest level since December 2009 at 4.8%, as rents accelerated faster than house prices. The house price for the average rental property increased by 0.1% compared to April, and registered an annual increase of 8.6%.
LSL Property Services plc owns a large lettings agent network, including national chains Your Move and Reeds Rains.
David Brown, commercial director of LSL Property Services plc, said: “House price increases have steadied
