UK Rents Shrink Towards The End Of 2017

Rents across the UK began to shrink for the first time in over half a decade toward the end of 2017, falling by -0.01% in November, as a two-speed market emerged between London and much of the rest of the UK. The average rent paid for a UK property grew by 0.53% in 2017 (year to date), with falling rents in London (-0.83%) weighing down otherwise resilient rental growth elsewhere (1.27%). These are the findings from the second edition of the National Rent Review from buy-to-let lender Landbay which also reveals how much millennials can expect to spend on rent in their lifetime. Read more on the Property Reporter website.