UK rental prices rise at report tempo

Keep knowledgeable with free updatesSimply signal as much as the Property sector myFT Digest — delivered on to your inbox.UK rental prices rose at a report tempo in February, whereas home costs stabilised, in keeping with official information.The common UK non-public lease elevated by 9 per cent within the 12 months to February 2024, up from 8.5 per cent in January. It’s the highest annual share change because the information collection started in January 2015, in keeping with the Workplace for Nationwide Statistics on Wednesday.Home costs declined 0.6 per cent within the 12 months to January, a smaller lower than the two.2 per cent recorded the earlier month and the smallest fall since August 2023. It is a growing story.

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