Market News
UK rents outside London fall for first time since pandemic, Rightmove says - REUTERS
LONDON, Jan 28 (Reuters) - Advertised rents in Britain outside London have fallen on a quarterly basis for the first time since 2019 due mostly to a drop in demand from tenants, according to data published on Tuesday by property website Rightmove.
The average advertised rent for new private-sector tenancies outside London fell by 0.2% in the final quarter of 2024 to 1,341 pounds ($1,672) per month. That was 4.7% higher than a year earlier, the smallest annual increase since 2021.