Rents on newly let homes ‘pause for breath after five years of relentless rises’

The average rent of £1,373 per month is around a third or £350 or higher than in August 2020, Hamptons said (Joe Giddens/PA) - (PA Archive)

Average rents on newly-let homes have fallen for the first time in around five years, according to a property firm.

Across Britain, the average rent on a newly-let property fell by 0.2% year-on-year in July, marking the first annual decline since August 2020, during the height of the Covid pandemic, Hamptons said.