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Rental sector to face higher bills because of Russia-Ukraine crisis

Agents, landlords and tenants alike face the prospect of higher bills because of the Russia-Ukraine crisis.

In terms of energy costs, an analysis by business consultancy Hargreaves Lansdown shows that while the UK gets far less gas from Russia than the rest of Europe – at around three per cent – this will not prevent sky-high prices on the international markets.

“We’re incredibly dependent on gas, because more than a third of houses have gas central heating, so the impact will be widespread” warns Sarah Coles, senior personal finance analyst at Hargreaves Lansdown.

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