Private rents fall in UK's biggest cities by up to 12% amid Covid crisis

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Central London and Edinburgh city centres hardest hit by downturn as northern England sees rising rents

Private rents in some of the UK’s biggest city centres have fallen by up to 12% in a year but have risen sharply in parts of northern England as some tenants swapped an urban life for the suburbs, smaller towns and villages.

Property website Rightmove’s latest rental trends report said the pandemic had led to falling asking rents and a “flood” of properties coming on to the market in many areas.

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from The Guardian https://ift.tt/3t2ghHB

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