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.

Continue reading…

You May Also Like

Urgent warning for more than 3million Brits to check they’re not missing out on £5,000 a year cash boost

MILLIONS of Brits could be missing out on £5,000 a year from…

The woes of startup Britishvolt should shock the UK out of its Brexit self-delusion | David Edgerton

The government must accept the limitations of its industrial strategy and focus…

Chloe Grace Moretz Family Guy meme

Sony to start electric car firm as it ‘explores a commercial launch’

Tokyo-listed shares in Japanese group rise after it shows off second concept…