16 hours ago
London Housing Rents Fall for the First Time Since the Pandemic
Private housing rents in London edged lower in July for the first time since 2021 when the UK was emerging from Covid restrictions, a sign that the capital's cost-of-living crisis is starting to ease, according to official data.
They fell 0.1% on average to £2,250 ($3,036) per month following three months of near-stagnation, Land Registry figures published Wednesday by the Office for National Statistics show. London rents last declined in July 2021.
