Jun
06
The Cost of Renting a London Home Is Falling Fast
ByThe cost of renting a home in the U.K. capital fell the most in eight years in May as a glut of rental properties came onto the market and affordability issues led Londoners to seek cheaper accommodation.
The average monthly rent paid in May for new lettings in Greater London was 1,502 pounds ($1,940), a 3 percent decline from a year earlier, HomeLet, the U.K.’s largest reference-checking and rentals insurance company, said in a statement on Tuesday. Rents across the U.K. fell 0.3 percent from a year earlier, the first annual decline since December 2009, the data shows…
The Cost of Renting a London Home Is Falling Fast
