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Rental prices for homes across Wales have risen at a faster rate over the last year than anywhere else in the UK, outside London.
Although the Welsh and UK governments have introduced Help to Buy schemes, letting agents are still seeing a growing demand in people needing to rent.
Shelter has described the latest figures on rent prices as "devastating news" for renters.
Rental prices are at a record high due to a shortage of supply in homes, according to the property company behind today's figures.
LSL Property Services owns chains Your Move and Reeds Rains, and says there has been "a new peak in tenant demand."
Rental prices have reached a record high in Wales.
The average monthly rent here was £573 in September.
The figures have been published by LSL Property Services, and reflect a rise that has also taken place in England.
Private rental prices have risen by 3.1 per cent in Wales over the last year, a faster rate than every region of England, outside London.
The company says a growing demand for people wanting to rent has pushed prices up.