Rents rise at 6.6% a year but pace is slowing

Rents for new lets have increased by 6.6% in the year to April, but this is the slowest annual rise for two-and-a-half years, according to Zoopla.The property portal said the average rent on a new let had risen by £80 a month compared with a year earlier.Although demand had eased, there were still 15 people on average chasing every home for rent.Before the pandemic, the average was six people, Zoopla said."Rents…