London Landlords cutting rents according to NLA
Latest news release 6th February 2018 from the National Landlords Association (NLA) reveals that London landlords are cutting rents.
According to recent research by the NLA, one in five landlords (16 per cent) in outer London has reduced rents over the last year.
The NLA state in their report: The research also shows that the proportion of landlords who have been able to increase rents in outer London (23 per cent) is the second lowest in the UK over the same period – only the North East (18 per cent) was lower.
Richard Lambert, CEO of the NLA said:
“These findings do not mean London is suddenly going to become more affordable for renters, but it seems to confirm that the trend of a softening of tenant demand in the capital is well-established.
“Both landlords and tenants are continuing to look outside of the capital to other centres and areas commutable to London which, if anything, will only serve to push up prices in those regions”.
Read the NLA news release 6th February 2018 in full, including table of full regional breakdown of rent rises and falls, click here.
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