U.K. Home Rents Fall for Second Month as Supply Surges, LSL Says
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A gauge of U.K. residential rents fell for a second month in January as more property investors entered the buy-to-let market, pushing up supply, LSL Property Services Plc said.
The average monthly rent for a home in England and Wales fell 0.3 percent to 682 pounds ($1,102) from December, the lowest average since July, the Newcastle, England-based company said in an e-mailed statement today. From a year earlier, it was up 4 percent.