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Follow on Google News | Survey finds fewer people living in rented accommodationBy: Cover4LetProperty The landlord insurance specialist revisited a previous survey from May 2013**, to see if there are any changing trends in the rented property market and found that: 28% of people living in rented property had a rent increase over a year ago; 4% saw their rent increase by up to a staggering 20% during the same period; over a quarter of the adult population (28%) are living with family or friends; the number of people who now live in their own home with or without a mortgage has increased by 12% since last May (now 40%); 32% live in rented property – down 12% since May 2013; 26% of those who live with family or friends do not pay rent – a 10% increase over the last nine months; 22% of these are in the 40-49 age bracket (a decrease of 9% compared to the original study); 28% have always lived at home (down 6%); 10% have recently returned to live at home due to divorce or to care for a sick parent, with nearly three times as many men doing so compared to females (13% vs 5%). Ends * Independent study carried out for Cover4LetProperty January 2014 by Usurv **Independent study carried out for Cover4LetProperty May 2013 by Usurv **http://www.rateinflation.com/ End
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