Babies entering the world in 2015 can expect to pay up to
£70,000 a year in rent in London by the time they turn 18, should rental growth
in the capital continue to soar at its current rate of 9pc. Rents in London could see costs jump from £1,413 to
£6,135 a month when children born this year celebrate their 18th birthday,
according to new data from the website Rentify. The average rate of rental
growth in the UK is currently set at 7.5pc - which translates into a 135pc
increase over the next 18 years. Average rents in Newcastle – one of the
cheapest places to live at the moment (£528 a month) - would rise to £795 by
2033. Read more on the Daily Telegraph website.
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