UK rental price inflation fell for the first time in
almost eight years in May, new data from HomeLet reveals. The average rent on a
new tenancy commencing in May was £901, 0.3% lower than in the same month of
2016. New tenancies on rents in London were 3% lower than this time last year.
May’s decrease in average rental values marks a significant moment for the
rented property sector. This is the first time since December 2009 the HomeLet
Rental Index has reported a fall in rents on an annualised basis. The pace of
rental price inflation across the UK has been slowing in recent months, having
peaked at 4.7% last summer. Read more on the HomeLet website.
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