diff --git a/python/flatbuffers/builder.py b/python/flatbuffers/builder.py
index 9bdf116ce..f3b901b1e 100644
--- a/python/flatbuffers/builder.py
+++ b/python/flatbuffers/builder.py
@@ -112,7 +112,8 @@ class Builder(object):
 
     ## @cond FLATBUFFERS_INTENRAL
     __slots__ = ("Bytes", "current_vtable", "head", "minalign", "objectEnd",
-                 "vtables", "nested", "forceDefaults", "finished", "vectorNumElems")
+                 "vtables", "nested", "forceDefaults", "finished", "vectorNumElems",
+                 "sharedStrings")
 
     """Maximum buffer size constant, in bytes.
 
@@ -141,6 +142,7 @@ class Builder(object):
         self.vtables = {}
         self.nested = False
         self.forceDefaults = False
+        self.sharedStrings = {}
         ## @endcond
         self.finished = False
 
@@ -405,6 +407,20 @@ class Builder(object):
         self.vectorNumElems = None
         return self.Offset()
 
+    def CreateSharedString(self, s, encoding='utf-8', errors='strict'):
+        """
+        CreateSharedString checks if the string is already written to the buffer
+        before calling CreateString.
+        """
+
+        if s in self.sharedStrings:
+            return self.sharedStrings[s]
+
+        off = self.CreateString(s, encoding, errors)
+        self.sharedStrings[s] = off
+
+        return off
+
     def CreateString(self, s, encoding='utf-8', errors='strict'):
         """CreateString writes a null-terminated byte string as a vector."""
 
diff --git a/tests/py_test.py b/tests/py_test.py
index b7e88b251..fe3d10e55 100644
--- a/tests/py_test.py
+++ b/tests/py_test.py
@@ -983,6 +983,48 @@ class TestByteLayout(unittest.TestCase):
     b.EndVector()
     self.assertBuilderEquals(b, [2, 0, 0, 0, 0xBA, 0xDC, 0xCD, 0xAB])
 
+  def test_create_ascii_shared_string(self):
+    b = flatbuffers.Builder(0)
+    b.CreateSharedString(u'foo', encoding='ascii')
+    b.CreateSharedString(u'foo', encoding='ascii')
+
+    # 0-terminated, no pad:
+    self.assertBuilderEquals(b, [3, 0, 0, 0, 'f', 'o', 'o', 0])
+    b.CreateSharedString(u'moop', encoding='ascii')
+    b.CreateSharedString(u'moop', encoding='ascii')
+    # 0-terminated, 3-byte pad:
+    self.assertBuilderEquals(b, [
+        4, 0, 0, 0, 'm', 'o', 'o', 'p', 0, 0, 0, 0, 3, 0, 0, 0, 'f', 'o', 'o', 0
+    ])
+
+  def test_create_utf8_shared_string(self):
+    b = flatbuffers.Builder(0)
+    b.CreateSharedString(u'Цлїςσδε')
+    b.CreateSharedString(u'Цлїςσδε')
+    self.assertBuilderEquals(b, '\x0e\x00\x00\x00\xd0\xa6\xd0\xbb\xd1\x97' \
+        '\xcf\x82\xcf\x83\xce\xb4\xce\xb5\x00\x00')
+
+    b.CreateSharedString(u'ﾌﾑｱﾑｶﾓｹﾓ')
+    b.CreateSharedString(u'ﾌﾑｱﾑｶﾓｹﾓ')
+    self.assertBuilderEquals(b, '\x18\x00\x00\x00\xef\xbe\x8c\xef\xbe\x91' \
+        '\xef\xbd\xb1\xef\xbe\x91\xef\xbd\xb6\xef\xbe\x93\xef\xbd\xb9\xef' \
+        '\xbe\x93\x00\x00\x00\x00\x0e\x00\x00\x00\xd0\xa6\xd0\xbb\xd1\x97' \
+        '\xcf\x82\xcf\x83\xce\xb4\xce\xb5\x00\x00')
+
+  def test_create_arbitrary_shared_string(self):
+    b = flatbuffers.Builder(0)
+    s = '\x01\x02\x03'
+    b.CreateSharedString(s)  # Default encoding is utf-8.
+    b.CreateSharedString(s)
+    # 0-terminated, no pad:
+    self.assertBuilderEquals(b, [3, 0, 0, 0, 1, 2, 3, 0])
+    s2 = '\x04\x05\x06\x07'
+    b.CreateSharedString(s2)  # Default encoding is utf-8.
+    b.CreateSharedString(s2)
+    # 0-terminated, 3-byte pad:
+    self.assertBuilderEquals(
+        b, [4, 0, 0, 0, 4, 5, 6, 7, 0, 0, 0, 0, 3, 0, 0, 0, 1, 2, 3, 0])
+
   def test_create_ascii_string(self):
     b = flatbuffers.Builder(0)
     b.CreateString(u'foo', encoding='ascii')
@@ -2588,6 +2630,13 @@ class TestExceptions(unittest.TestCase):
     assertRaises(self, lambda: b.PrependUOffsetTRelative(1),
                  flatbuffers.builder.OffsetArithmeticError)
 
+  def test_create_shared_string_is_nested_error(self):
+    b = flatbuffers.Builder(0)
+    b.StartObject(0)
+    s = 'test1'
+    assertRaises(self, lambda: b.CreateSharedString(s),
+                 flatbuffers.builder.IsNestedError)
+
   def test_create_string_is_nested_error(self):
     b = flatbuffers.Builder(0)
     b.StartObject(0)