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Landlords raise rents at highest rate on record

Landlords are raking in cash as they raise rents at the fastest rate on record.

In London, rental growth hit a new high of 15.8pc, the fastest rate ever recorded by property website Rightmove. In central London, rents increased by 21.1pc last year.

Outside London, asking rents were 11.8pc higher than a year ago, hitting a new record high of £1,126 per month, according to Rightmove.

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