The Average Monthly UK Rent Rises by 9%, Setting a New Record
Wednesday, 20 March 2024, 13:28
UK Rental Prices Surge by 9% Annually
The average monthly rent paid by tenants in the UK rose by 9% in the year to February, according to official figures. This marks the highest annual increase since records began in 2015. Figures released by the Office for National Statistics highlighted what one campaigner described as a 'cost of renting crisis', with prices rising in all parts of the UK.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.