Rents rise in London and South-East

Renters in London and South-East saw a 1.7% increase in March, further demonstrating that that buy-to-let sector is making a resurgence. After a tough few years for the industry the return of some major lenders along with the creation of new brands has seen the sector witness something of a rebirth.

According to LSL Property Services latest buy-to-let index, rents increased for the second consecutive month in March. The average rent rose by 0.4% to £687 per month.

The average rent in March 2011 was 4.2% higher than in March 2010. This meant the figure was the highest since November 2010.