London property prices: rents hit new high in capital-Evening Standard
http://bit.ly/Mens3U
The average monthly rent in the capital are up by 4.2 percent in the year to May to hit £ 1,038, topped the previous high set in November. David Newnes, Managing Director of LSL property services, which compiles the figures, said competition among tenants cannot afford borrowing for a home is driving up rents. Campbell Robb, Chief Executive of Shelter, warned: "for thousands of families as prices from owning a home, hire is fast becoming a way of life. "With rising rents in London, many families face a daily struggle to make ends meet." Green Party London Assembly Member Darren Johnson said: "it is appalling that working people is that prices from parts of London by rent rises." View the original article here
http://bit.ly/Mens3U
The average monthly rent in the capital are up by 4.2 percent in the year to May to hit £ 1,038, topped the previous high set in November. David Newnes, Managing Director of LSL property services, which compiles the figures, said competition among tenants cannot afford borrowing for a home is driving up rents. Campbell Robb, Chief Executive of Shelter, warned: "for thousands of families as prices from owning a home, hire is fast becoming a way of life. "With rising rents in London, many families face a daily struggle to make ends meet." Green Party London Assembly Member Darren Johnson said: "it is appalling that working people is that prices from parts of London by rent rises." View the original article here
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