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Private rents'soar to record high'

Private rents across England and Wales soared to a record high of £757 a month on average in September, according to research by lettings network LSL Property Services.

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'Shortage of houses' behind rent hike

Higher rents in almost every region show that, despite Government schemes, buying a first home is still a difficult aspiration.

This is not only down to low salary growth, but also a general shortage of supply - which is the underlying reason why homes are getting more expensive.

– David Newnes, director of LSL Property Services

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