Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyers
Britain’s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, according to analysts.
The Office for National Statistics said a decline in month-on-month growth from 0.5% in April to 0% in May meant the annual rate of house price inflation dropped to 1.9%.
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