Majority of renters whose tenancies were up for renewal stayed put in March
Rents fell in London and the South East, and the East of England
Seven in 10 renters whose tenancies were up for renewal stayed put in March, the highest proportion for that time of year since 2008, according to an index.
Some 70% of private sector tenants whose agreements were up for review renewed their tenancies rather than quitting, marking the highest proportion for the month of March since 77% in March 2008, Hamptons International said.
The index also found that across Britain, average rents on renewed tenancies fell by 0.5% year-on-year in March to £928 per month - marking the biggest fall since this measure started in February 2014.
The fall was driven by London and surrounding regions in southern England, as concerns about jobs and earnings increased.
The Government has said home buyers and renters should, where possible, delay moving to a new house while lockdown measures are in place to limit the spread of coronavirus.
Published: by Radio NewsHub