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Rents in London tumble for first time since 2010

But rates are expected to rise again next year

Published Fri, Dec 16, 2016 · 09:50 PM
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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 …

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