New Home Owners And Snagging Forum

Home Owners => Buy To Let => Topic started by: Philofacts on August 22, 2011, 08:10:15 am

Title: Rising rents make it harder for First Time Buyers to save deposits
Post by: Philofacts on August 22, 2011, 08:10:15 am
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.
Title: Re: Rising rents make it harder for First Time Buyers to save deposits
Post by: travistane 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.