First time home buyer average monthly costs vs rental payments in the UK 2009-2018

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 2018. From 2010 to 2018, the average monthly costs of buying a home were lower than renting it. The renting versus buying gap fluctuated during the period and in 2018, it reached its lowest value since 2010 of 30 British pounds.

Average monthly costs of buying a home* versus renting an apartment in the United Kingdom (UK) from 2009 to 2018

Monthly buying costsMonthly rental payment
Dec '18729759
Dec '17679754
Dec '16707759
Dec '15670744
Dec '14658720
Dec '13613692
Dec '12588661
Dec '11572653
Dec '10575605
Dec '09577561
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Sources

Release date

March 2019

Region

United Kingdom

Survey time period

December 2009 to December 2018

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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Statistics on "First time home buyers in the United Kingdom (UK)"

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