UK Rents Soared in August as High Interest Rates Hit Property Market

London had the highest annual percentage change, while the north-east and the south-west of the country saw the lowest.

A man looks at properties for sale in an estate agents window in London on July 10, 2003. Scott Barbour/Getty Images

Renting in the UK has become more expensive and the tenant demand continued to rise in August amid high interest rates.

Those looking for a rental bargain in the last month of the summer would most likely have been disappointed, as private rental prices rose in the UK by 5.5 percent in the year to August.