The article discusses The Independent's commitment to delivering quality journalism without paywalls, emphasizing their coverage on pressing issues like reproductive rights and the rental market in the UK. It highlights that average rents outside London have decreased for the first time since the pandemic, while rents in London continue to rise, albeit at a slower rate. The increase in rental supply may suggest a shift in the balance of supply and demand, making it less competitive, though demand remains high, reflecting ongoing challenges faced by renters.
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Average asking rents outside London have fallen for the first time since before the pandemic, marking a potential shift in the rental market.
While this represents a modest 3 drop, it halts a long streak of record-high prices. Though rents remain 4.7 per cent higher than a year ago.
Looking across Britain, rental supply had risen, improving the balance of supply and demand, although demand remains high with 10 applications per rental property.
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