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Tuesday, May 10, 2011

Rents see 4.9 percent increase

Rents have risen 4.9% over the past according to figures from Findaproperty.

Their rental index records an average monthly rent of £860 this March up from £820 a year ago.

Supply of rental property has dropped by a staggering 35 percent from its peak in April 2009 leading to the healthy increase in average rental figures, bringing much cheer to landlords.

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