Landlord sales slow as new rules raise cost of an empty property

May was the first full month with the Renters' Rights Act in force 'and the most remarkable thing is how little changed,' says estate agency.

Foxtons' lettings boss says 'applicant numbers have spiked, supply is strong and budgets are holding firm.'

'Rental growth is being driven by a tightening supply backdrop,' says Knight Frank, adding: 'The Renters’ Rights Act is accelerating this.'