UK rent prices are projected to rise by £1,260 in London and £600 across the country by 2024, due to increasing demand and limited supply. Rental prices are expected to increase by 4% in the next year. House prices are declining at a slower pace, and sales activity remains weak. The housing market is unlikely to see a significant turnaround in sales for the rest of 2023. RICS recommends building more affordable homes and supporting energy efficiency in existing homes.

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