Average increase of tenancy deposits up by 11%
The latest data published by mydeposits shows that the average residential tenancy deposit in England and Wales has increased by 11% over the last year. The figures also show that a difference between the most expensive and cheapest regions in England and Wales of £1,266. With deposits usually tagged to rental values, the figures appear to imply that demand for rental properties is outstripping supply causing pressure on the rental market.
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