Rents rise 'twice as fast as wages'

Press Association
Rent payment
Rent payment

Private sector rents have risen twice as fast as wages over the last year, a major lettings network has found.

Average rents across England and Wales stood at £753 per calendar month in November, representing a 1.6% increase compared with the same month a year ago, according to LSL Property Services, which owns chains Your Move and Reeds Rains.