The average new tenancy in England, Wales and Scotland fell by 0.6% in the year to February, to £921 a month.The latest figures for the year 2017 showed that rents for private tenants across the UK had risen by 2.2%.

On the other side of the coin, Countrywide said that in February this year there were 10% more homes available to rent then a year ago. But the agency expects this apparent over-supply of rental properties to disappear in the coming year, with average national rents starting to grow again after that.

“Rents are growing in most of the country but falls in London and the South East are dragging down the national growth rate,” said Countrywide research Director, Jonny Morris.(BBC news)

Josh and Josh, Year 7

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