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Inside Housing: First-Time Buyers Hit By Record Rents.

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'First-time buyers hit by record rents':

http://www.insidehousing.co.uk/tenancies/first-time-buyers-hit-by-record-rents/6517296.article

According to the latest buy-to-let index from LSL Property Services plc – owner of the UK’s largest lettings agent network – the average rent in July in England and Wales rose by 0.6 per cent to £705 per month.

The previous record of £701 was set in June and, with annual inflation at 4.2 per cent, the average rent is now £29 a month higher than in July last year.

London had the greatest annual rent increase – 7.9 per cent – to hit a new high of £1,009 per month.

David Newnes, estate agency managing director of LSL, said: ‘The increasing cost of rental accommodation –alongside the soaring cost of living –is eroding first-time buyers’ ability to save deposits. But first-time renters are also keenly feeling the pinch.

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After they have made one bedroom into two, then they expect four to sleep in a couple of bunk beds...then you can afford it. :blink:

You guys are always b**ching about the boomers - simple solution, move in with your parents so you can save for a deposit.

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If true, this is what you would expect as a consequence of uncontrolled immigration.

It would be interesting to see the effect this has on total housing benefit payouts. I bet after an ultra short blip, that figure is on the rise again.

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Judging by apartment buildings I've seen.. units that in the past would house 1 young adult.. now house 3, sometimes 4 young adult immigrants.

For many like from Africa, its a pretty nice way to live compared to what they are used to.

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You guys are always b**ching about the boomers - simple solution, move in with your parents so you can save for a deposit.

If I could manage the 5 hour cummute, that might be an option. :rolleyes:

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You guys are always b**ching about the boomers - simple solution, move in with your parents so you can save for a deposit.

Have you ever seen sorry With Ronnie Corbett

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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