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UK rents ‘rising at fastest pace in 13 years’
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Rents across the UK are rising at the fastest pace since 2008 as strong demand outstrips supply, according the property website Zoopla.
Private sector rents in September were 4.6% higher than a year earlier at £968 a month on average, marking the strongest growth in 13 years, Zoopla found.
Excluding London, rents across the UK were up by 6% annually, a figure that Zoopla said was a 14-year high.
Rents in the south-west of England were up by 9% annually, making it the region registering the fastest rental growth in the third quarter of 2021.
And rents in Purbeck in Dorset were up by 16.2% annually, making it the location with the highest rate of rental growth.
Zoopla said demand was continuing to outstrip supply and putting an upward pressure on
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