A recent study by The Open Property Group has revealed that the millennial generation is the most at risk of landlord scams and illegal evictions. Some of the key findings from the report were that 90% of millennials felt conned by misleading photographs of properties, 62% had difficulties getting their deposit back and 51% were forced to take legal action against their landlord.
With house prices in the UK among the most overvalued in the world, the results of the survey will be unwelcome news to those stuck in the rental market. However, there may be some good news: following the recent ‘Brexit’ vote, house prices have begun to tumble. With interest rates set to be cut to 0.25%, prospective buyers should vigilantly monitor the property market.
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