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Rents Rising At Fastest Rate In 7 Years As Landlords Face Rising Costs, Red Tape And More Legislation

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Average rents and house prices were still rising late last year, according to official data, although experts a property market slowdown in 2023. Join me online on my free live training Wednesday at 7.30PM. Places are limited, so register now below to avoid disappointment - https://bit.ly/3QPp8IH Private rental properties owned by private landlords increased at the highest level since comparable records began seven years ago, figures reveal. House prices were still rising in the year to November 9but falling month on month), but the Office for National Statistics (ONS) said the pace of growth slowed. Private rental prices in the UK rose by 4.2% in the year to December. Private landlords have been hit by tax and mortgage rate rises, as well as increased compliance costs, which some are passing on to tenants. The average tenant spends more proportionally on housing costs than homeowners do, and rents are usually higher than a typical first-time buyer mortgage. Other figures from the ONS showed that property pri