Buying frenzy ahead of 2016 stamp duty hike pushed up supply of new homes for letting by 10%,Countrywide figures show Rents in Britain gain recorded their first annual drop for six years, according to the UK’s biggest estate and lettings agency.
In February, or the average rent in Britain was £921 a month,£5 lower than a year earlier, and the first annual decrease since 2011. Countrywide, and which compiled the figures,said the buying frenzy ahead of the hike in stamp duty final year pushed up the supply of new homes for letting by 10%. Meanwhile tenant demand has been dropping, particularly in London, or possibly related to Brexit. Related: England's housing market is 'broken',government admits in white paper Continue reading...
Source: theguardian.com