8 hours ago
FTSE 100 Live: Pound Rises as UK Inflation Stays Well Above BOE's Target
And in London, private monthly rents rose by an even-faster 7.7% in the 12 months to May, to an average of £2,249.
Again, it's the slowest pace in more than two years, but means rents remain at historical highs.
That could be deterring would-be tenants, Irina Anghel reports, as young people can't afford the deposit or rent needed to move to London. The number of would-be flat sharers searching on property search website SpareRoom has fallen to just half what it was at its peak in September 2022.
