Average rental deposit will soon exceed £1,000, reports DPS

Tenants moving to a new property in England and Wales will soon have to cough up a security deposit averaging £1,000 according to the research from the Deposit Protection Scheme.

The DPS findings show that those renting between April and June of this year had to pay, on average, a deposit of £970.48 when moving in. This represents a £41.40 rise (4.47%) when compared to the previous quarter.

Unsurprisingly properties with a London postcode commanded the highest deposit with an average figure of £1,799.11. In contrast, properties in the Durham postcode area had the lowest average deposit of just £467.76.


Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2016/9/average-rental-deposit-poised-to-break-1-000-barrier-says-dps


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