Comment on Average private rent in Great Britain falls for first time in five years
steeznson@lemmy.world 5 days ago
This has to be the result of house prices falling due to the interest rates being high. I’d imagine once the BoE descreases the rate again this will return to increasing.
NotJohnSmith@feddit.uk 5 days ago
I’m going to have a wild guess too. I’m going to guess the market is so poor that BTL landlords have just given up trying to get out and are renting. Supply therefore has increased slightly, having a slight decrease in demand and therefore what rent can be asked for
steeznson@lemmy.world 4 days ago
Probably a whole confluence of factors… economists won’t have a settled view and are likely arguing about it rn