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Wales Online
Wales Online
Vicky Shaw & Ria Tesia

Flats trump houses as renters downsize to grapple with cost of living crisis

Renters are favouring smaller properties such as flats, which may be more affordable to run, as living costs rise, says a property website.

Zoopla said it has seen an increase in demand for smaller flats as people feel the cost-of-living squeeze. It reports fewer renters are looking for two- and three-bedroom houses.

Zoopla said: "We have seen a steady reduction in the proportion of renters looking for two- and three-bed houses, and an increase in demand for one- and two-bed flats over 2021 and 2022. This trend has been accelerating in recent weeks."

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