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Londoners pay record rents as landlords capitalise on shortfall

Tuesday, June 16, 2015 - 05:50

London

LONDONERS are paying record rents when they change homes in the city as rising demand and a lack of supply allows landlords to charge more.

The average rent for a new lease in Greater London was £1,506 (S$3,146) a month in May, according to a statement on Monday from HomeLet