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.