UK housing rent growth slows to lowest pace since 2023

Investing.com -- The growth of housing rents in the United Kingdom (TADAWUL:4280) has slowed down to its lowest rate since 2023, providing some ease for tenants who have been under pressure. This information is provided by official data.

The Office for National Statistics reported on Wednesday that average rent inflation had decreased to 8.1% within the 12 months leading up to February. This is the lowest rate that has been recorded since September 2023. In addition, rents saw a slight increase of 0.4% within the month, bringing the average rent to £1,326 ($1,711.3).

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