Average rents in London top £1,000

The average rent in London has passed the £1,000 a month mark for the first time. According to LSL Property Services' buy-to-let index, rents in the capital are now £1,006 on average, an increase of 6.9% on 2010. The average rent in the UK is now £701 a month, another record high. The increases are being blamed on the fact that fewer potential homeowners are able to get on the housing ladder and are being forced to rent for longer. However, rents in the East Midlands, South East, Yorkshire and Humber all saw a fall.