Quantcast

Revealed: The £1.8k rental Brexit dividend

0

Tenants in London are potentially £1,806 better off since the vote to leave the EU in June 2016, according to the latest Landbay Rental Index, powered by MIAC.

This is a conservative projection, rental growth in the capital is now 2.84% lower than expected back in June 2016, but this could be as high as 4.15%. This higher estimate would leave renters in London with an extra £1,806 due to subdued rental prices, or £1,217 for the mid-point. Thecapital’s property market, which has arguably suffered disproportionately from uncertainty since the referendum, saw average annual rental growth drop from 1.26% in June 2016 to a low of -0.33% June 2017, before starting a slow recovery in February 2018 (0.05%) up to 0.58% in December 2018.

The rest of the UK has largely stayed in line with expectations for growth, with the drop in rental price growth being confined to London.




Share.
WP2FB Auto Publish Powered By : XYZScripts.com