This statistic shows the difference in savings made as a result of spending money monthly on buying a house versus monthly spent on renting a residential property in the United Kingdom (UK) from 2008 to 2017. As of December 2017 the average annual savings associated with buying a three bedroom house in the UK was 900 British pounds over that of renting a three bedroom property. this is a trend that has existed since 2010, meaning that the annual costs of buying a first time home are lower than that of renting.
Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)*
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Lloyds Banking Group. (August 11, 2018). Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)* [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/
Lloyds Banking Group. "Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)*." Chart. August 11, 2018. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/
Lloyds Banking Group. (2018). Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)*. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/
Lloyds Banking Group. "Yearly Savings Resulting from Difference between The Monthly Cost of Apartment Rental versus House Purchase in The United Kingdom (Uk) from 2008 to 2017 (in Gbp)*." Statista, Statista Inc., 11 Aug 2018, https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/
Lloyds Banking Group, Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)* Statista, https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/ (last visited December 03, 2024)
Yearly savings resulting from difference between the monthly cost of apartment rental versus house purchase in the United Kingdom (UK) from 2008 to 2017 (in GBP)* [Graph], Lloyds Banking Group, August 11, 2018. [Online]. Available: https://www.statista.com/statistics/463948/halifax-average-first-time-buyer-monthly-costs-saving-buying-vs-renting-property/
