Thursday, 8 August 2019

Rents Rocket but Capping Is Not the Answer


Rents in London are rocketing due to a squeeze on the private rental market that has dramatically reduced the supply of homes. According to property website Home.co.uk, there were just 18,700 newly advertised properties to let in Greater London last month, compared to 28,800 in June 2017 - a drop of 35% in the number of rental properties over two years. With demand for rented accommodation in the capital still strong, this decline in supply has led to a marked increase in rents. Read more on the HomeUK website.

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