UK rents skyrocket by fastest pace since 2015

Get the free Morning Headlines e-mail for information from our reporters the world over

Sign as much as our free Morning Headlines e-mail

UK rental prices have elevated by the fastest price since 2015, whereas home costs have seen a small decline, official figures launched on Wednesday revealed.

The common UK hire elevated by 9 per cent within the 12 months to February, up from 8.5 per cent in January, the Office for National Statistics mentioned (ONS)

It is the very best annual share change since the UK knowledge sequence started in January 2015.

Private hire inflation was highest in London, at 10.6 per cent, and the bottom within the North East at 5.7 per cent

However, common home costs decreased by 0.6 per cent within the 12 months to January 2024.

In England they decreased by 1.5 per cent as additionally they did in Wales by 0.8 per cent, however elevated in Scotland by 4.8 per cent.

This is a breaking information story…extra to return