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Rents outside London rising at fastest rate since 2008

Rents are increasing at their fastest pace in more than 10 years, according to property website Zoopla.

Hammerson, whose centres include the Bullring and Brent Cross, is "resetting rents to more affordable levels".

The COVID-19 pandemic has driven renters to seek more space and cheaper rents in the suburbs.

The median monthly rate for a studio apartment in the city fell by 31 percent year-over-year, compared to a 0.5 percent decline nationally.

Property fundamentals in the sector remain very strong, making it an attractive long-term investment bet.

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