Rising rents make it harder for First Time Buyers to save deposits

[Philofacts]

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.

[travistane]

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.