Brexit tames London rental market

London tenants have saved up to £1,800 since 2016 due to Brexit’s pressure on the city’s rental market. Rental growth in the UK capital is between 2.8% and 4.2% lower than expected in June 2016, according to a Landbay study.

Fears of banks moving European headquarters out of London have also seen landlords reluctant to increase rents, the study says.

Landbay analysed over 100,000 rental properties on property platform Zoopla for the analysis.

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