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The average rent in England and Wales edged ahead by 0.2% to £684 a month, to leave the typical cost of being a tenant 3.9% higher than in February last year, according to letting agency network LSL Property Services.
The group attributed the rise to the ongoing mismatch between supply and demand as the problems in the mortgage market prevented many potential buyers from getting on to the property ladder, forcing them to rent instead. Read More: