Our October buy-to-let Intercounty index shows that rentals are reaching record highs:
• Rents reached a record high of £689 per month after eight consecutive months of rises - now 3.1% higher than the same time last year.
• London rents rise by 2% to reach all-time high, a driving force behind UK rental inflation in 2010.
• Tenant arrears fell in September, but remain high with 10% of all rental arrears.
•The average yield remained stable at 4.9% in September, as rising rents were matched by modest house price growth in the past three months.
Landlords have seen tenant demand continue to hit new heights. This really has turned the buy-to-let market into a landlord's market.
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