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Figures released by the Office for National Statistics (ONS) show that average house prices in the UK soared by nearly 12% in September this year. This represents a significant rise from 10.2% in the year to August 2021.

House prices in Britain have risen at the fastest rate in 15 years. Figures released by Halifax show that during the last three months, the cost of property grew at the fastest rate than any time during the last 15 years.

With house prices forecast to continue to rise in the new year, coupled with mortgage rates remaining low, 2022 is set to be a good time for landlords to build their property portfolios.

Rents in England have seen their strongest growth in 13 years. According to figures by Zoopla, in September this year, private sector rents in Britain averaged 4.6% higher than in 2020, marking the fastest rise in 13 years.