Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
London advertised rents up 6.1% year-on-year, agency claims
Advertised rents for properties in Greater London listed by online agency Hello Neighbour were 6.1% higher in September than a year earlier, at an average of £2,448. According to the agency, that makes five months in a row of year-on-year growth since the Renters Rights Act came into force.
The same report states that the rate of growth has slowed from 9.8% in August.
What it means for letting agents
The figures are the agency's own advertised rents for its Greater London listings, not a market-wide index. Even so, the reported slowdown in the annual rate — from 9.8% in August to 6.1% in September — is a data point letting agents and inventory clerks may want to watch as the Renters Rights Act continues to bed in.
Source: Landlord Today