UK Rental Inflation Picks Up for First Time in Seven Months
- Double-digit rise in rents in London in fresh blow for tenants
- Housing costs are still exerting a cost-of-living squeeze
Rents in London surged 10.4% from year earlier, the fastest increase in the country.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
UK private rental inflation picked up for the first time in seven months and hit double digits again in the capital, prolonging a cost-of-living squeeze on tenants.
Rent prices soared 8.7% in October from a year earlier, ending a drift downward in the rate since the spring, the Office for National Statistics said on Wednesday. They rose 0.9% last month alone, the most since February.