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Hire prices in the UK arose at the slowest annual rate for more than three years in January because the long-term demands, as it is turned on with the perception of finances.
The monthly rent for new tenancies increased by an annual rate of 3 percent in January, which took the average cost of £ 1,284, according to the data published in Zoopla on Tuesday.
Reading from the property portal from 7.4 percent of the year before and the lowest rate since July 2021. It is also under the top 1222.
Richard Donnell, Executive Director of Zoopla, said slowness was “happy news for renters after three years where the rents were stood fast”.
“Health remains primarily restricting inflation hire instead of further supply and more options in homes for rent,” he added.
Zoopla says rental hire rental 2 percent of four weeks until February 23 compared to the same period of 2024, with weak numbers in all regions and countries.
The higher rental cost may “restrain the need for new permission, encouraging renters to remain higher”, the portal noted, increasing the increase in buying demands.
Home and property prices involving a debt obtained as mortgage rates from their mid-2023 peaks in the back rate of interest in Bank of England.
The rents passed through recent years while landlords passed at higher borrowing costs of tenants, and many households have become higher costs.
Renting pressures appear in most steps in new tenancies, including the owner’s owner’s owner’s owner and property list list.
They also feel the official scale of rental prices, which track new and existing tenancies.
Data published in the office for National Statistics last month is shown that UK rents rose to 8.7 percent In 12 months until January 2025, from their peak at 9.2 percent of March 2024.
In London rents rose 11 percent of the year until January, reaching an average of £ 2,227, according to official numbers.
Zoopla said that despite the weakness of the need, the supply remains a problem, with 12 rented chasing each property available for rent.
While the figure is about half of the competition level for rented houses recorded between 2022 and 2024, if it is demanded to hire its strongest level.
The portal also warns that Rightters’s Rights’s Rights Bill forced further limiting the number of properties available for rent in England.
Legislation – passes through Parliament and ends section 21 “no wrong” standards of hiring patterns of Properador Romans to lease group leaders
If the bill was introduced in parliament, Deputy Prime Minister Angela Rayner said: “There is no delay and delay. We need to overthrow the relations between tenants and landowners.”