Monthly savings resulting from buying over renting in the UK 2018, by region

This statistic shows the difference in savings made by first time buyers regionally, when it came to buying a three bedroom home against renting a three bedroom home, in the United Kingdom (UK) ain 2018. Although London had the highest monthly costs for both buying and renting first time property, it also saw the highest average monthly savings resulting from purchase over rental decisions, with 373 British pounds in 2018.

Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2018, by region (in GBP)*

Average monthly savings in GBP
Greater London373
South East169
Scotland131
North West130
South West107
West Midlands99
Wales85
East Midlands77
East Anglia66
North of England59
Northern Ireland32
Yorkshire and the Humber30
United Kingdom30
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Sources

Release date

March 2019

Region

United Kingdom

Survey time period

2018

Supplementary notes

* Payments refer to the average for buying and renting a three bedroom house over 12 months to December 2017.

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

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