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Wednesday, October 21, 2020

Private rents in London plunge by up to 34% amid Covid crisis

Other cities across Britain have also reported large year-on-year falls, says SpareRoom

Private rents in London have dropped for the second quarter in a row, with some areas posting sharp falls of up to 34% year on year, while other cities led by Edinburgh have also reported a decline during the pandemic.

Although Covid-19 restrictions were eased over the summer, the rental market in the capital and other cities struggled to recover, according to the house-sharing website SpareRoom. The average monthly rent for a room in London fell to £725 between July and September, down 7% from £780 in the same period last year.

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from Property | The Guardian https://ift.tt/35ogee7
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