Rents rising at fastest rate for seven years

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Rents rising at fastest rate for seven years
United States Latest News,United States Headlines
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Renters are being hit harder than owners by rising housing costs, official data shows.

Tenants in properties owned by private landlords have faced the highest rise in rent since comparable records began seven years ago, official data shows.

Myron Jobson, senior personal finance analyst at Interactive Investor, said: "Higher rents have been accompanied by higher energy bills which continues to squeeze budgets. A higher proportion of adults with mortgages reported being worried about the changes in mortgage interest rates.

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