Rent rises accelerate

Residential rents have picked up at their fastest pace in four years, figures from the Royal Institution for Chartered Surveyors reveal.

Tenant demand for rented property continued to rise in the quarter prior to July, having held firm over the previous quarter. Demand is strongest for flats.

Levels of new available rented property picked up after stagnating in the previous quarter, though this increase is slight and not enough to cap rents.