Asking rents in Greater London rose more annually than any other region in Great Britain during the second quarter of 2018, according to the latest report from Rightmove.

Though long the home of Great Britain’s most expensive rents, letting rate growth in the capital has been stagnant of late, demonstrating that the rental market is not immune from the joint woes of political and economic uncertainty and rising stamp duty rates that have ravaged the city’s sales market.

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But posting increases of 3.4% between last quarter and the same three-month period in 2017, Greater London reigns as the region with the highest growth rates in the U.K. for the first time since the tail end of 2014.

Asking rents in the capital increased to an average of £2,000 (US$2,600) per month, fueled by a lack of rental supply.

“After a few years of more plentiful supply in the London market we’ve now reached a point again where competition among tenants for a great rental home can be very high in the most popular rental areas of the capital,” said Miles Shipside, Rightmove’s housing market analyst, in the report.

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Scotland logged the second largest annual rental growth as prices increased 2.8% between the second quarters of 2017 and 2018, the report said. It was followed by the East Midlands, where prices rose 2.7% annually.

Nationally, excluding Greater London, the annual rate of growth rose just 0.7%, dragged down by flat annual change in the South West and falls in the South East.

The South East of England—home to cities like Brighton and Oxford—was the only region to see rental values drop annually, falling 0.4%.