Rents in UK down by 0.4% in November, latest index shows

Residential rents in the UK fell by 0.4% in November, taking the annual rate of increase from 3.9% to 2.9%, according to the latest index figures to be published. The drop was led by London where rents fell by 0.6% month on month as part of the seasonal slowdown in monthly rent prices, according to the Landbay Rental Index. This took the average monthly rent in the UK to £1,290 and November’s rent increases were fastest for one beds that are most popular with first jobbers and young professio...