Average monthly costs of buying a home* versus renting an apartment in the United Kingdom (UK) from 2009 to 2017 (in GBP)

First time home buyer average monthly costs vs rental payments in the UK 2009-2017 This statistic shows the comparison between average monthly cost for buying a home for first-time buyers versus monthly cost of renting residential property in the United Kingdom (UK) from 2009 to 2017. Over the years, the ratio changed in favor of cheaper costs for buying vs renting. In December 2017 the average monthly costs associated with buying a three bedroom house in the UK amounted to 679 British pounds for a first-time buyer, while monthly rental costs rose up to 754 GBP.
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Monthly buying costsMonthly rental payment
Dec '17679754
Dec '16707759
Dec '15670744
Dec '14658720
Dec '13613692
Dec '12588661
Dec '11572653
Dec '10575605
Dec '09577561
Monthly buying costsMonthly rental payment
Dec '17679754
Dec '16707759
Dec '15670744
Dec '14658720
Dec '13613692
Dec '12588661
Dec '11572653
Dec '10575605
Dec '09577561
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This statistic shows the comparison between average monthly cost for buying a home for first-time buyers versus monthly cost of renting residential property in the United Kingdom (UK) from 2009 to 2017. Over the years, the ratio changed in favor of cheaper costs for buying vs renting. In December 2017 the average monthly costs associated with buying a three bedroom house in the UK amounted to 679 British pounds for a first-time buyer, while monthly rental costs rose up to 754 GBP.
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Release date
February 2018
Region
United Kingdom
Survey time period
December 2009 to December 2017
Supplementary notes
*Payments refer to the average for buying and renting a three bedroom house over 12 months to December for each year for the first-time buyer.
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