Rents follow house prices and show first fall since 2009 crisis
Despite rental inflation rising significantly in 2016, rent’s across the capital fell by three percent at the end May 2017, according to figures released by Homelet.
Analysts are blaming a lack of wage-growth for the fall, whilst also citing the increased availability of mortgages for buyers with smaller deposits as another possible factor. In some areas of London, it’s also thought an increasing number of new-build flats are also contributing to lower rent prices.
To find out more about rental prices in the capital, read the full article in the Telegraph.