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Rents fall for first time in at least 10 years

PostPosted: Mon Feb 11, 2019 3:57 pm
by Dolphin
In 2018 Britain's landlords collected £1.9billion less in rent than the year before, new figures show.

It's the first time Hamptons International has ever recorded a drop in the amount tenants are handing over to private landlords.

The estate agent, which has been running the annual report since 2008, found drops in the total amount paid in almost every region of the country.

But it wasn't quite all good news.

Aneisha Beveridge, head of research at Hamptons International, said: "Rents are now gradually starting to rise again in the capital."

Despite the year-on-year fall, over the past 10 years the total rent bill has increased by £29.9 billion - as the number of households privately renting has grown.

Last year private tenants paid an estimated £59.1 billion in rent overall.

source Mirror