monthly costs for both buying and renting first time property, it also saw the highest average monthly savings resulting from purchase over rental decisions, amounting to 246 British pounds.
Home owners paid lower monthly costs for their home than renters across all regions in the UK in 2022, except in the East of England. Although London had the highest Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP)
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Other statistics that may interest you First time home buyers in the United Kingdom (UK)
Overview
7
- Premium Statistic Average house price in the UK 1995-2023, by country
- Basic Statistic Average house price in the UK 2000-2023, by buyer type
- Premium Statistic House price to income ratio in Europe 2021-2022, by country
- Premium Statistic Number of first time buyers in the UK 2009-2023
- Premium Statistic Average age of first-time home buyers in the UK 2011-2023
- Premium Statistic England: average age of first time homebuyers from 2005-2023
- Premium Statistic Property tenure distribution in the UK 1980-2022
Average costs for first time buyers
8
- Basic Statistic Average monthly home buying costs in the United Kingdom (UK) 2008-2022
- Basic Statistic First time home buyer average monthly costs vs rental payments in the UK 2012-2022
- Basic Statistic Monthly savings resulting from buying over renting in the UK 2019-2022, by region
- Premium Statistic Monthly costs of buying a property in the UK 2022, by region
- Premium Statistic First-time buyer mortgage in the UK 2022-2023, by region
- Premium Statistic First-time buyer house price in the UK 2015-2023, by region
- Premium Statistic Average house deposit for first-time buyers in the UK 2022-2023, by region
- Premium Statistic First-time buyer house deposit as house price share in the UK 2023, by region
Home buying process
6
- Premium Statistic Effect of the coronavirus (COVID-19) pandemic on home buying in the UK in 2021
- Premium Statistic Leading sources for funding a first-time home purchase in the UK in 2022
- Premium Statistic Experience of first time buyers with mortgage lenders in the UK 2022
- Premium Statistic Reasons to use a mortgage broker according to first-time buyers in the UK 2023
- Basic Statistic Complaints against home financing providers in the UK in H2 2022, by firm
- Premium Statistic Home finance services complaints in the UK H1 2022, by cause
Help to buy scheme
5
- Premium Statistic Help to Buy bonuses and property completions in the UK 2015-2023
- Premium Statistic Help to Buy ISA bonuses paid in the United Kingdom (UK) 2015-2023, by region
- Premium Statistic Average amount paid in Help to Buy ISA bonuses in the UK 2015-2023, by region
- Basic Statistic Share of Help to Buy bonuses paid in the UK 2015-2023, by country
- Premium Statistic Help to buy bonuses and property completions in the UK 2015-2023, by age
Further related statistics
15
- Yearly savings due to gap in cost of buying a home vs renting in the UK 2008-2017
- Annual savings resulting from buying over renting in the UK 2017, by region
- Share of income spent on homes in the U.S. 2017-2019, by type
- Average price of residential properties built 1919-1945 in the UK 2011-2015
- Average price of terraced houses built 1946-1960 in London (United Kingdom) 2011-2015
- Average quarterly price of terraced houses built pre-1919 in London (UK) 2011-2015
- Average price of semi-detached houses in London (UK) Q1 2012 - Q4 2015
- UK Housing market: Nationwide older house prices Q1 2011 - Q2 2015
- Average price of semi-detached houses built 1946-1960 in the UK in 2011-2015
- Average price of pre-owned semi-detached houses built after 1960 in the UK 2011-2015
- Average price of detached houses built after 1960 in the UK 2011-2015
- Halifax price index: Price of all residential properties in the UK 2011-2015
- Average purchasing price for single-family houses in Denmark 2011-2023
- Annual house price change in Poland 2007-2022
- Prime residential price growth outer London Q3 2020, by type of outside space
Further Content: You might find this interesting as well
Statistics
- Yearly savings due to gap in cost of buying a home vs renting in the UK 2008-2017
- Annual savings resulting from buying over renting in the UK 2017, by region
- Share of income spent on homes in the U.S. 2017-2019, by type
- Average price of residential properties built 1919-1945 in the UK 2011-2015
- Average price of terraced houses built 1946-1960 in London (United Kingdom) 2011-2015
- Average quarterly price of terraced houses built pre-1919 in London (UK) 2011-2015
- Average price of semi-detached houses in London (UK) Q1 2012 - Q4 2015
- UK Housing market: Nationwide older house prices Q1 2011 - Q2 2015
- Average price of semi-detached houses built 1946-1960 in the UK in 2011-2015
- Average price of pre-owned semi-detached houses built after 1960 in the UK 2011-2015
- Average price of detached houses built after 1960 in the UK 2011-2015
- Halifax price index: Price of all residential properties in the UK 2011-2015
- Average purchasing price for single-family houses in Denmark 2011-2023
- Annual house price change in Poland 2007-2022
- Prime residential price growth outer London Q3 2020, by type of outside space
Lloyds Banking Group. (March 15, 2023). Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP) [Graph]. In Statista. Retrieved May 09, 2024, from https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP)." Chart. March 15, 2023. Statista. Accessed May 09, 2024. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. (2023). Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP). Statista. Statista Inc.. Accessed: May 09, 2024. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average Monthly Savings Resulting from Buying over Renting in The United Kingdom (Uk) from 2019 to 2022, by Region (in Gbp)." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group, Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP) Statista, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/ (last visited May 09, 2024)
Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2019 to 2022, by region (in GBP) [Graph], Lloyds Banking Group, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/