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The Independent UK

National

Vicky Shaw

UK sees rent rise at a record rate. These areas have been hit the hardest

United Kingdom Office for National Statistics Inflation England Scotland JacksonStops Savills Wales

Rents have surged at a record rate while house prices have fallen annually for the first time in more than a decade, according to official figures.

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics (ONS), marking the first time since 2012 that there has been an annual drop.

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