Millennials will spend £1.1MILLION on rent over their lifetimes if they don't get onto the property ladder as average rents hit £1,196



Millennials will spend more than £1million on rent during their lifetime if they don't manage to get onto the property ladder, a new study suggests.
Millennials who began renting at 21-years-old and live in an average-sized property outside of London will spend an average of £110,830 in household rent before buying their first home - typically at an age of 32, according to research by peer-to-peer lending platform Landbay. 
For those living in the capital - where property prices and rents are significantly higher - the amount increases to £273,210.
However, 41 per cent of millennials don't... read more

 
14 December 2017 in Business, Views: 51
Source: Daily Mail
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