London rents quickest risers

London rents have risen faster than anywhere in the country, the latest LSL Property Services index has confirmed. Rents in England and Wales now average around £705 a month (for July), an increase of 0.6% on June and around £29 up on the same time last year. In London rents have soared by 7.1% on 2010 with the average rent now £1,009 a month. Demand from would-be buyers who are unable to get on the property ladder is being blamed for the hike.