Rents in London tumble for first time since 2010

London

LONDON rents, which are among the highest in the world, have fallen this year for the first time since 2010 as landlords rushed into the rental market before a tax increase in April, a report published on Friday showed.

Landbay, a property-market lender, said private rents in London edged down by 0.3 per cent between January and November 2016. That compared with a 1.9 per cent rise in rents across the rest of Britain over the same period.