Average rents near record levels, as 1 in 3 council tenants fall into arrears

iStock_000001437287_ExtraSmallRecently released figures show average rents are just £1 off a record high, whilst council tenants are struggling to cope, following the introduction of the so-called ‘bedroom tax’. The buy to let index, compiled by LSL Property Services, shows average rents rose to £743 per month during the month of August, just £1 short of a new high. Compared to July rents were 0.7% higher, but were only up 1.3% on the same time last year; well ...