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| Cost of rent 'up 4.6% in a year' | Cost of rent 'up 4.6% in a year' |
| (about 14 hours later) | |
| The cost of renting a home rose by 4.6% in the year to the end of April, the fastest rise since November 2010, an agency group has said. | |
| The average rent stands at £774 in England and Wales, according to data from property group LSL. | |
| It said that rental costs had risen by 0.8% in April compared with March. | It said that rental costs had risen by 0.8% in April compared with March. |
| Adrian Gill, LSL director, said: "Momentum is fuelled by a fundamental shortage of housing and given oxygen by renewed wage growth." | Adrian Gill, LSL director, said: "Momentum is fuelled by a fundamental shortage of housing and given oxygen by renewed wage growth." |
| The latest official figures from the Office for National Statistics (ONS) suggested that the cost of renting a home from a private landlord in Britain rose by 2.1% in the year to the end of March. | The latest official figures from the Office for National Statistics (ONS) suggested that the cost of renting a home from a private landlord in Britain rose by 2.1% in the year to the end of March. |
| Campbell Robb, chief executive of housing charity Shelter, said: "Our housing shortage has been decades in the making, and only bold and immediate action can fix it. | Campbell Robb, chief executive of housing charity Shelter, said: "Our housing shortage has been decades in the making, and only bold and immediate action can fix it. |
| "No matter how hard they work or save, an entire generation is being forced to watch their dreams of a stable future slip through their fingers, stuck in properties where rents eat up their salaries and short term contracts leave them with no stability at all." | "No matter how hard they work or save, an entire generation is being forced to watch their dreams of a stable future slip through their fingers, stuck in properties where rents eat up their salaries and short term contracts leave them with no stability at all." |