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UK private rents rise 3.8% YoY in August

UK average private rent prices rose 3.8% year-on-year in August, after a 3.7% increase in July, according to official data.

Average private rent prices in Britain rose in August at the fastest annual pace this year, official data released on Wednesday showed, while house price inflation cooled. 7% increase in July, according to the Office for National Statistics.