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Another record rent rise fuelled by shortage of stock

The cost of a newly let home rose 9.8 per cent over the last 12 months to £1,125 pcm, marking the fastest level of growth since 2013.

That’s according to lettings agency Hamptons.

This record increase means that just over half of all rental growth recorded during the last five years – 18.2 per cent – across Great Britain has come within the last 12 months.

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