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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,

Click here for the full story.

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