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)*
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 July 22, 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 July 22, 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: July 22, 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 July 22, 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/
