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Wales Online
Wales Online
National
Sarah Lumley

Tenants feel "trapped" in the rental cycle as prices rise for first-time buyers

Eight in 10 tenants feel ‘trapped’ in the rental cycle - as ONS figures show house prices for first time buyers have risen by an average of 18 per cent in the last two years, an increase of £39,680.

A study of 2,000 adults, who live in a rental property, found 86 per cent dream about one day stepping onto the property ladder.

But the cost-of-living crisis is the most common setback for renters as they now save less for a deposit, while 41 per cent say house prices in their area are rising too quickly for them to keep up.

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