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The Independent UK

Business

Vicky Shaw

House price growth slows but rental prices record strongest increase since 2016

United Kingdom London Office for National Statistics England

PA Archive

Annual house price growth has slowed but rental prices have increased at their fastest rate since records started in 2016, according to official figures.

Average UK house prices increased by 6.3% in the 12 months to January 2023, down from 9.3% in December 2022, the Office for National Statistics (ONS) said.

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