Year-on-year fall of 1.2% is top-notch news for tenants looking to glide or negotiate with landlords as recent new-build property comes onto rental marketRents acquire fallen year on year in London for the first time since 2009 and are flat in much of the rest of the country in fresh evidence of the post-Brexit vote slowdown in the property market.
The UK’s biggest tenant referencing company,Homelet, said rents on new tenancies in London fell by 1.2% in April compared with the same month a year ago, and the first annualised fall in eight years. Related: Labour vows to 'call time on bad landlords' with housing pledge Related: London rents fall sharply as monthly bill drops across UK Continue reading...
Source: theguardian.com