London Rents Surge to a Record £2,317 a Month as New Reform Rules Hit Overseas Landlords
London's average private rent rose to a record £2,317 a month in July, marking a 3.0% increase from the previous year. This surge coincides with the first autumn lettings season under new tenancy regulations, which have led to reduced supply and higher compliance costs for landlords. The changes, including the abolition of "no-fault" evictions, have particularly impacted overseas landlords, who now face challenges in managing properties and ensuring compliance with the new rules.
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