Property News · February 12, 2016

UK first-time buyers 'spend more than £50,000 on rent'


Arla report reveals that those buying their first home in 2016 will have paid an average of £52,900 in rent People who buy their first home in England in 2016 will have spent more than £50,000 on rent since moving out of their family home, a report by letting agents has found.Figures from the Association of Residential Letting Agents (Arla) show that UK tenants spent an average of 22% of their wages on rent last year, and that buyers getting on the ladder this year will have previously paid out an average of £52,900 to landlords. Continue reading…

Source : theguardian.com
Read more…UK first-time buyers ‘spend more than £50,000 on rent’

You may also like...