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The Independent UK

Business

Vicky Shaw

Spending on rent and mortgages jumped in October, says Barclays

Barclays Revolut

Annual growth in consumer spending on rent and mortgages accelerated last month to reach its highest level since September 2023, Barclays said (Anthony Devlin/PA) - (PA Archive)

Annual growth in consumer spending on rent and mortgages accelerated last month to reach its highest level since September 2023, according to a major bank.

Spending on rent and mortgages rose by 6.4% annually in October, the Barclays Property Insights report found.

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