More young people priced out of renting

New research suggests that almost a million millennials have been priced out of renting a property.

Sunday, 28th January 2018, 12:39 pm
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Figures from credit report provider Noddle suggest that 700,000 18 to 34-year-olds are stuck living at home with their parents because they are unable to save the average £970 needed for a tenancy deposit, equivalent to around 15,000 in the North East.

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Ajay Jagota, founder of deposit-free renting firm Dlighted, said: “It’s a known fact that young people are struggling to get a foot on the property ladder, but for more and more of them renting is increasingly out of reach too, and our industry isn’t helping.”