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LONDON LEADS THE WAY TO RECORD RENTS
Rents across England and Wales reached fresh highs in May, according to LSL Property Services figures out today. The average rent bill rose by 0.5 per cent during May to hit £696 a month, with tenants in the East of England suffering the biggest jump of 1.4 per cent month-on-month. London has been head and shoulders above the rest of the country over the year, with rents rising 7.8 per cent – giving landlords a yield of 4.8 per cent.