Aug
06
London Home Rents Fall for Fourth Month in a Row
By-
Monthly London rents slid for fourth successive time in July
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‘Transformed’ London now acting as ‘brake’ on overall U.K.
The cost of renting a home in London fell for the fourth month in a row, continuing the first period of decline since 2009 as Britain’s exit from the European Union rattles the U.K. capital’s real-estate market.
The average monthly rent paid for new lettings in greater London in July was 1,564 pounds ($2,039), a 0.6 percent decline from a year earlier, according to a statement from HomeLet, the U.K.’s largest reference-checking and rentals-insurance company. Rents across the U.K. gained 1.1 percent overall, led by increases in Northern Ireland and Scotland…
London Home Rents Fall for Fourth Month in a Row
