New data from Homelet reveals London rents fell for first time since 2009 in April

Homelet Rental Index report April 2017 released yesterday 8th May 2017 headlined ‘London rents fall for the first time in eight years’.

The report stated:  Rents on new tenancies in London fell by 1.2% in April compared to the same month a year ago, the first such fall since December 2009. UK rents in April were just 0.4% higher than a year ago, with the average monthly rent now standing at £904.

New data from Homelet revealed that rents in London fell for the first time since 2009 during April.

Commenting on the research, HomeLet’s Chief Executive Officer, Martin Totty said:

“Rents have been rising at a much more modest pace across the whole of the UK in recent months, with lower levels of rental price inflation and even falling rents seen in areas of the country where prices were previously rising most quickly. This trend is ongoing: we continue to see landlords’ and letting agents weighing tenant affordability considerations very seriously.”

Read the Homelet Rental Index report April 2017 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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