The average advertised rent has reached a new record level, with landlords exiting the buy-to-let sector due to fears of capital gains tax hikes. Despite this, some landlords are reducing rent to attract tenants. The market imbalance is keeping rents high, with supply potentially decreasing as more landlords leave, while new regulations and the cost of living crisis impact rental affordability.
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Britain’s household energy bills to rise from January
Household energy bills in Britain will rise by 1.2% in January, with the price cap set to increase to £1,738 a year. The higher cap reflects the impact of rising wholesale gas prices, despite some cheaper deals returning to the market. The UK government faces criticism for the price cap rise and cutting winter fuel payments, as industry executives and campaigners call for additional support for struggling households. Full Article
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