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News - 20 August 2014

Housing-related bills on the rise

 According to LSL Property Services, which runs the Reeds Rains and Your Move chains, the average monthly rent across England and Wales increased by 2% in the 12 months to July as the market picked up with students starting to book accommodation.

 
That took the pace higher than the 1.9% rate of inflation for the first time since June last year - with the average rent now standing at £753 per calendar month.
 
Christine Matthews, Property Manager at ABDS comments
“The two regions with the highest value are London and the South East, with a £1,143 average in the capital. London's rate of increase stood at 2.3% over the 12 month period compared to 3% in the North West, with the North East being only region where rents had fallen over the period, with a 3.8% reduction to reach a typical value of £507.”
 
The Resolution Foundation think-tank, which carried out the research, said people who are more likely to rent privately would be young, live alone, live in one bedroom properties, have recently moved and or live in London.
 
If you need any help and advice on the implications of Property Ownership, Letting and Taxation, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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