FourFourThree: Cheap hotels are now more common than cheap flights
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FourFourThirty Two: Cheap airfares have fallen from £7,500 in 2010 to £2,000 now, according to the Office for National Statistics.
Cheap flights have fallen by nearly 10 per cent in the same period, falling from £3,000 in 2010.
Cheap airfare rose by 10 per “per cent” over the same three years.
Cheap accommodation has fallen from almost £2.5 million to £1.5m, according the Office For National Statistics, and is the lowest it has been since at least 2009.
It is also the lowest since 2011.
Cheap hotel rooms have also fallen by more than a third.
It was the lowest ever since 2005, according, The Office For Budget Responsibility.
The Office for Economic Policy Research said cheap hotels had been the most common form of accommodation in London since at the beginning of the financial crisis in 2008, before they started falling out of favour in the late 2010s.
There is a significant decline in the proportion of accommodation being rented out, and the proportion used as a short-term home, which is one of the primary reasons that prices have fallen so much.
This is not just about cheap hotel rooms.
In some places, cheap airfaring has also dropped, with the average price of a room falling by just over 4 per cent a year.
Cheap food has fallen, and for the first time, it is cheaper than it was in 2009.
Some people have been paying less in taxes to help support public services, which have had to cut back on spending to help with the economic squeeze.
Some are also choosing to buy cheaper clothes and other essentials.
The increase in the share of rent is due to the government clampdown on rental tax.
The average rent in the capital has fallen by 4.7 per cent this year, to £3.8m.
It fell from £4,800 in the previous year.
London has been hit hard by the global financial crisis, which has also seen a rise in inflation and a slowdown in growth.
London’s rent is the highest in the UK, and rises every year, according The Economist.
However, it fell by 1.5 per cent to £939 a month in January, down from £1,086 in January 2014.
In terms of prices, the average London rent is now about £1 a square metre, which it was a year ago.
FourFourThirty Two: Cheap airfares have fallen from £7,500 in 2010 to £2,000 now, according to the Office for National Statistics.Cheap…