St George Wharf, London SW8

Lack of supply in rental properties had an effect on both rents and yields in June, according to the latest Buy-to-Let Index from LSL Property Services plc. London continued to lead the surge in June, with rents in London rising by 1.9% to £942.

“London rents have climbed for five consecutive months, and there is no sign of a slowdown,” said David Brown, Commercial Director of LSL Property Services. “There is an acute lack of affordable housing in London, and would-be buyers cannot afford the rising house prices – or get big enough mortgages. The increasing reliance on rental accommodation in the capital, combined with the constraints in its supply is pushing up rents faster than anywhere else in the UK.”

Source: MyIntroducer.com: Rents surge across UK in June as supply diminishes

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