We have seen seven consecutive quarters of marginal falls in rents.”But in other parts of the UK, valuers are reporting buoyant activity. The investor market has been extremely busy, particularly from out-of-town investors.”The net balance of surveyors reporting price rises fell from +7% to +1% in July, signalling that prices were broadly flat across the country. In London, the net balance reporting price rises was strongly negative, at -48%. Meanwhile, landlord instructions continued to fall, with 8% of respondents reporting a decline instead of an increase in listings. “The sustained lack of supply means rents are expected to grow, albeit only modestly in the coming three months.”

Source: The Guardian August 10, 2017 04:52 UTC