By Marcus Leach

According to a survey by LSL Property Services the cost of renting a home in England and Wales fell for the second month in a row in December.

The survey showed that rent fell by 0.8% in December compared with November, to £711 a month.

LSL said that despite this the cost of renting was 4% more expensive than December 2010.

"The rental market was sheltered from the full impact of the seasonal lull by the strength of underlying tenant demand as many prospective renters took the opportunity to move in the run-up to Christmas at a time when the market is traditionally less competitive," said David Newnes, director of LSL, which owns lettings agents including Your Move and Reeds Rains.

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