UK rents rise at slowest pace since 2013
London
THE average rents for residential properties in Britain grew at their slowest pace since 2013 last year, a survey showed on Monday, a latest sign of how uncertainty about Brexit is weighing on the economy.
The 1.6 per cent increase in rents was also the first below-inflation rise since 2013, according to the index compiled by the Deposit Protection Service (DPS) which runs a deposit protection scheme for landlords and tenants. Rents in London rose most slowly, up only 0.4 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US renters seeing chance of owning a home at record low: NY Fed survey
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
China home sales slump 47% over May Day holiday vs 2023