UK's real estate agents hit by ban on tenant fees

London

SHARES in leading estate agents tumbled on Wednesday after Britain said it would ban one-off tenant fees to try to bring down the cost of renting, the latest move to hit landlords.

Rising housing costs have become a major political issue in Britain as successive governments have failed to build enough homes to meet demand. Many younger people now rent for longer or stay with their parents to save up a deposit to buy.