One of London’s leading real estate companies announced that rents in the British capital fell in July for the first time in six years, Countrywide said rents fell by 0.5% over the past 12 months, averaging 7 British pounds (9 dollars) per month.

This is the first time monthly rents in London have declined year-over-year since November 2010, when the UK began to recover from the economic recession, while rents rose by 1.5% year-over-year last month across Britain, marking the slowest rate of growth since 2012.

In addition, JPMorgan predicted that London home prices would fall by about 10% by the end of 2017, with transactions declining across the country. Such forecasts serve as an incentive for investors to purchase and invest in real estate, or to hold onto properties, rent them out, and then sell them when their value rises in line with the country’s economic conditions.