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Average rents across the UK dipped by -0.3% in June, and by -0.8% in Q2, taking the annual growth in UK rents to +1.1%, down from +1.7% a year ago. However, a two-speed market has emerged between London and the rest of the UK.
Welcome to the first quarterly Rental Market report of 2020. Our unique analysis accurately tracks changes in demand and prices across the country. This quarter’s report shows a market better able to adjust to shocks than sales. We’ve seen a modest demand rebound in the last fortnight as rental transactions continue during lockdown, albeit at a lower rate.