UK house price growth stabilises at 2.7%, while rental rates rise by 8.6% on average.
The UK house price growth has stabilised at 2.7% for the year until June, according to the Office for National Statistics. While house prices increased, rental rates recorded substantial growth, averaging £1,319 and rising by 8.6% in the year to July. Experts describe the rent increases as "eye-watering." London saw the highest rent inflation at 9.7%, while the North East experienced the lowest at 6.1%.
August 14, 2024
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