Bloomberg

(Bloomberg) -- Leasing the most expensive homes in global financial capitals got a little cheaper in the 12 months through March as rising supply caused rents to fall. An increase in sales taxes in London and more regulation of buyers in New York are among factors that may make rentals more attractive to people who would previously have preferred to purchase, broker Knight Frank LLP said.

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net. To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Andrew Blackman

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