Figures show slowdown in rent rises

Rent rises slowed their pace in May as more tenants found it easier to make the jump onto the property ladder, a lettings network has found.

Private sector rents rose by 0.1% month-on-month to reach £737 on average, edging down from a 0.3% increase typically seen over the last 12 months, according to LSL Property Services which owns chains Your Move and Reeds Rains.
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