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Resi rents rising at record pace

Rents across the UK are rising at the fastest pace since 2008 as strong demand outstrips supply, according to Zoopla.

Private sector rents in September were 4.6% higher than a year earlier, at £968 a month on average, marking the strongest growth in 13 years.

Excluding London, rents across the UK were up by 6% annually. Rents grew fastest in the South West – by 9% annually.

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