Rents for residential properties in UK fall
Rents for residential properties in Britain fell in quarterly terms for the first time since 2012 in the January-March period of this year, intensifying a slowdown which began shortly after the 2016 Brexit vote.
Average rents were 0.5 percent lower than in the last three months of 2017, according to the Deposit Protection Service which runs a deposit protection scheme for landlords and tenants.
Rents in London fell by 1.4 percent in the first quarter and the biggest fall was registered in Northern Ireland where rents were down 3.1 percent.
A measure of private rents compiled by the Office for National Statistics, Britain's official statistics agency, has shown growth in private rents in the 12 months to March stood at 1.1 percent, less than half the rate before the Brexit vote.
Tags : INTERNATIONAL