Rents continue to fall

Rents are cheaper than a year ago, but rents on larger houses are increasing because of a lack of supply. In figures from website findaproperty.com, the average rents stood at £819 a month in April, down from £827 in March and £873 a year earlier. The growing supply of flats on the market – increasing for the sixth month in a row – has pushed down prices. The overall number of properties available to rent has fallen for the second month in a row. On average a property was on the market for an average of 63 days, 15 days longer than a year ago.