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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Soaring UK demand for rented homes pushes cost to near £1,000

property for rent signs
Renters are paying £62 a month more now than before Covid pandemic. Photograph: Yui Mok/PA

The average cost of renting a home in the UK is approaching £1,000 a month after demand drove prices up 8.3% in the final three months of last year, marking the fastest increase in more than a decade.

Renters around the UK are now paying £62 more each month than before the pandemic, taking the average monthly rent to £969, according to property website Zoopla.

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