A surge of new properties for rent may be responsible for a fall in house rental prices and what the Daily Telegraph has described as the market running out of steam. New rental prices averaged £910 a month in September, down 0.8 per cent from August, according to insurers HomeLet. A recent increase in stamp duty caused a spike in the trade of rentable property, and homes bought as a result may now just be entering the market. Rents, which had been growing at over 4 per cent annually, may also have hit an affordability limit.

House prices: First-time buyers in south-east must wait seven years longer to buy – The Week UK