Landlord rent levels increased by 0.1 per cent between September and October, new research shows.

According to the FindaProperty.com Rental Index, the average amount that private landlords are charging their tenants in October was £830 per calendar month.

There have now been six consecutive months of stable or rising rents.

The study also found that stock of rental properties was down ten per cent during the period, while properties were let within an average of 58 days - the shortest time since the beginning of 2009.

Michael O'Flynn, director at FindaProperty.com, said: "Buy-to-let landlords have had a tough time over the last 18 months, but those who have managed to hang on in the rental market, despite a dramatic oversupply of properties, falling rents and rising unemployment among tenants, are now breathing a sigh of relief."

Earlier this month, the Royal Institution of Chartered Surveyors published research showing that more of its members reported a rise - rather than a fall - in demand for buy-to-let property during the three months to September.

Written by Mark Garner
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