London’s high rents growing at slower rate


The online property portal Rightmove said rents in London rose 4% from a year ago in May. — Bloomberg

LONDON: The home rental crisis in England’s capital showed early signs of easing after a surge in available properties led to the joint-smallest increase in advertised rents across Britain.

The online property portal Rightmove said rents in London rose 4% from a year ago in May. The average remained at eye-watering level of £2,652 (US$3,355) a month.

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