Recent research from my|deposits has revealed that the
average cost of a deposit has risen by 34% or £304 since the launch of tenancy
deposit protection in 2007. The data shows that the average tenancy deposit now
stands at £1197.73 – up £304 from £893.82 since Q2 2007. The figures also show
a difference of £1168 between the average cost of deposits in the most
expensive and cheapest regions in England and Wales. The most expensive average
deposit paid by tenants is in London at £1,760.30, a rise of £37.20 (2.16%)
since the same point last year. The cheapest average deposit is in Yorkshire
and Humber (£592.75) and the North East (£602.38). Read more on the my|deposits
website.
