Author Topic: Rising rents make it harder for First Time Buyers to save deposits  (Read 3363 times)

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Philofacts

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Rents have risen for the sixth month in a row. Annual rent inflation is 4.2% and the average rent is now £705 a month.
Rents are rising fastest in London with an average rent of £1009 a month and rents have increased by 5.5% in the North East.

Increasing rents and the cost of living are making it more difficult for first time buyers to save deposits.
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travistane

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Re: Rising rents make it harder for First Time Buyers to save deposits
« Reply #1 on: November 18, 2011, 02:14:18 am »
Most probably high inflation rates as well as high rents make the standard of living more expensive that makes it difficult to save deposits to buy.

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