More people choosing to rent – study by the Halifax
17 June, 2013
A new study by the Halifax shows that we are starting to become a nation of renters, with fewer young people being prepared to spend several years saving for a decent deposit.
According to the bank, the average first time buyer deposit now stands at £26,956. Yet one third of those in the 20-45 age bracket, say that they cannot afford to save anything at all.
Halifax claim this will have a profound effect on the UK housing scene as more people choose to rent rather than buy,
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