For the first time since 2011, annual rental rates in the UK have decreased from one year ago. February 2017 saw a small decrease from February 2016. Experts indicate that the flurry of activity ahead of the stamp duty increase last year is at least partially responsible, as it created a sharp increase in the supply of homes for let. Combine this increase with the Brexit-related decrease in tenents and you have a recipe for falling rents. Predictably, the change is most pronounced in London. Turnover rates have also slowed in recent years, and concern is growing that the housing econony itself has larger endemic problems.

Read more: UK average annual rents fall for first time in six years – The Guardian