Wednesday, 27 July 2016

Rents Fall As Landlords Remain Nervous Over Brexit

Almost half of lettings agents are reporting nervous landlords following Brexit, with 12% reporting asking rents have fallen over the past 10 days. In a report, the Association of Residential Letting Agents (Arla) says last month’s referendum vote has not rocked the rental market “yet”, however, uncertainty over the future of Britain’s role in Europe is making landlords jittery. One in nine agents told Arla they have experienced an immediate dip in rents following last month’s Brexit result. Soaring rents, particularly in London and the south-east, have been partly pushed upwards by recent arrivals from abroad, as well as a lack of available properties to rent. Read more on the Guardian website.

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