'Rent trap' leaving a generation without means to buy a home, warns Shelter

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Published by Max Salsbury for 24dash.com in Housing and also in Communities, Finance

Rents in England are rising by an average of £300 a year, forcing many people into a 'rent trap' with little means to save for a home of their own, Shelter has warned. The housing charity's new report's analysis of government figures reveals that average private rents rose by 2.8% from 2011 to 2012 - equivalent to an increase of £297 in a year on a typical rented home. According to the report - 'The Rent Trap' - rents rose by the equivalent of more than £500 in a year in one in...

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