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Higher rental prices could mean increased profits for private landlords

Over recent months rental prices have been increasing as a result of the ongoing high demand for rental properties from the many people that are unable to get a mortgage in the current climate. Huge numbers of non-homeowners are now trying to rent property from private landlords and this is driving up rental prices further.

April saw private rents reach a record high, increasing to an average of £692 per month. Increases in London and the south east have been the steepest, and officials from the Royal Institute of Chartered Surveyors have recently released data showing that rents are likely to continue increasing over the coming months. Read More:

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