Gazumping ‘pushing up rent costs for tenants’

Gazumping is pushing up rents in England and Wales as the average cost to tenants reached £696 in May, according to a survey.

Rising tenant demand has led to some offering above the asking price to rent a home, LSL Property Services said.

The average cost of renting a home has risen for four consecutive months, its analysis suggested.

But more than one in 10 tenants in the UK missed or were late paying their rent in May, it also found.

Read the full article at bbc.co.uk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s