London Home Rents Fall for First Time Since December 2009By
Londoners are paying lower home rents for the first time in more than seven years amid rising supply and weakening demand from senior executives for properties.
The average rent paid in April for new lettings in Greater London was 1,519 pounds ($1,968) a month, a 1.2 percent decline from a year earlier, HomeLet, the U.K’s largest reference-checking and rentals insurance company, said in a statement on Monday. Annual rental inflation across the U.K. was 0.4 percent in the same period, the lowest in seven years…
Leave a Reply
You must be logged in to post a comment.