Rental prices fell 0.4 per cent in April, according to the latest research from letting agent Your Move.

The company indicated that private landlords and letting agents are in a better position than they were six months ago regarding negotiating rental prices with tenants.

Your Move said that the average cost of renting a home in England during the month was £635 - which is six per cent down year-on-year.

It also noted that there was a 1.2 per cent drop in new tenant registrations during April and cited people returning to the buying market as a reason for this.

David Newnes, managing director of Your Move estate agents, said: "Stock levels are still relatively high in many areas of the country, giving tenants more choice and compelling landlords to compete on price."

He also suggested that the so-called accidental landlords, which groups such as the Association of Residential Letting Agents and Gumtree revealed grew in number in recent months, were putting properties back on the market.

Written by John Weeks

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