Rents increased at their slowest pace in seven years in
2016, according to an index. Lettings network Countrywide said rents increased
by 1.6% across Britain in 2016 to reach an average of £927 per month. The annual
increase was around half that seen in 2015, when rents recorded a 3.1% uplift.
last year also marked the slowest annual increase seen since 2009, when rents
increased by 0.9%. The slowdown has been driven by an increase in the number of
homes available to rent, with London seeing a particular increase in the choice
of properties for tenants, Countrywide said. Read more on the Belfast
Telegraph.
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