Last quarter of 2014 sees rise in average rental deposits

Between the third and fourth quarters of 2014 the average deposit amount protected by mydeposits rose by 1.4%. This equates to an average tenancy deposit of £1,226, up £52 over the last year. Surprisingly though, London experienced a drop of 2.6% to an average value of £1,811. Despite this, London retains its position as the location with the most expensive average deposit and experienced a year on year increase of 4.6%.

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