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London Landlords Pessimistic on Rent as U.K. Housing Loses Steam
- RICS says house prices were growing more slowly in December
- Homebuyers seeking to move out of the capital after pandemic
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London’s home letting agents are growing more pessimistic about the outlook for rental prices after the coronavirus pandemic fueled a flight from the capital.
That’s the conclusion of a survey by the Royal Institution of Chartered Surveyors, which detected a broader slowdown in the U.K.’s housing market in December. London is the only part of Britain where rents are expected to fall in the next three months.