Increasing rents are forcing more than a 100,000 people into the flat share market it has been revealed.
Latest research from easyroommate.co.uk found that the average number of renters living as flatmates or lodgers has increased to 2,851,000 from 2,749,000 a year ago as renters try to save money as rents continue to rise.
The current rate of growth will see the flat sharer market reach 3 million sharers by April 2013.
A poll of 1,057 current sharers conducted by Easyroommate found that, over three quarters of sharers (82%) aimed to own their own home in the future. However, financial issues remain the main reason for the delay in them doing so. Over two-thirds (70%) of respondents either said they didn’t earn enough money for a big enough mortgage, or that they didn’t have a big enough deposit. As a result, just 27% of renters believe they will be in a position to buy a home in the next 3 years.
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