Residential Rents in England rise 9.3% Year-on-Year to November 2024

19 Dec 2024 CW Team

The average rent for residential properties in England rose at its fastest annual pace on record. The data also indicated an increase in house prices.

The Office for National Statistics (ONS) reported that private sector rents in England increased by 9.3 per cent, reaching an average of 1,362 pounds in the 12 months leading up to November. This marked the largest rise in records dating back to 2015.

The increase in rents was primarily driven by an 11.6 per cent jump in London. Nationwide, rents across the United Kingdom were 9.1 per cent higher than the previous year.

Additionally, British house prices saw a 3.4 per cent increase on an annual basis in October, which was faster than the downwardly revised 2.8 per cent rise observed in September, as reported by the ONS.

Other recent housing market indicators also revealed the fastest annual increase in house prices in two years. The rise in rents was attributed to the growing demand for homes, which far outpaces the available supply. This is an issue the new Labour government aims to address by accelerating planning approvals for new property construction.

Infrastructure Urban

16 Oct 2025

Shivraj Singh Chouhan inaugurates ICAR-IIMR admin block in Ludhiana

Union Agriculture Minister Shri Shivraj Singh Chouhan recently inaugurated the administrative building at the Indian Council of Agricultural Research – Indian Institute of Maize Research (ICAR-IIMR) in Ludhiana, Punjab. During the visit, he interacted with maize stakeholders, farmers, rural development scheme beneficiaries, and women self-help group (SHG) members. He said that under the leadership of Prime Minister Narendra Modi, the government’s key goals include boosting foodgrain production, reducing input costs, and improving farmers’ incomes. He highlighted the importance of div..

Google to Build Rs 10,000 Cr Data Centre in Visakhapatnam

In a major boost to India’s digital infrastructure, Google will establish a 1-GW hyperscale data centre and Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The project, valued at Rs 100 billion, is expected to significantly contribute to the state’s economy and create more than 20,000 direct and indirect employment opportunities. Union Minister of State for External Affairs and Education, Dr Pemmasani Chandrasekhar, highlighted that this landmark investment by Google will help position Andhra Pradesh as a prominent digital hub under the “Swarandhra Pradesh” vision. ..

TCIL honoured with HR Excellence Award 2025

Telecommunications Consultants India Limited (TCIL), a Miniratna Schedule ‘A’ PSU under the Department of Telecommunications, has been honoured with the HR Excellence Award at the Fortune Leadership Awards 2025, held at Radisson Blu Plaza, Delhi. The accolade acknowledges TCIL’s outstanding HR practices promoting employee development, innovation, and inclusivity. The award was presented by Dr. Dinesh Upadhyay, Former Member, Ministry of AYUSH, and Shri M. S. Nethrapal, IRS, and received by Shri P. Suresh Babu, CGM (HR), in the presence of distinguished leaders from various sectors. Bet..