Homeowners paid higher monthly costs for their home than renters across nine of the 12 regions in the UK in 2023. Although London had the highest monthly costs for both buying and renting first time property, it also saw some monthly savings resulting from purchase over rental decisions, amounting to 12 British pounds. In comparison, the national average was 27 British pounds.
Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region
(in GBP)
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Lloyds Banking Group. (March 26, 2024). Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP) [Graph]. In Statista. Retrieved December 11, 2024, from https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP)." Chart. March 26, 2024. Statista. Accessed December 11, 2024. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. (2024). Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP). Statista. Statista Inc.. Accessed: December 11, 2024. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average Monthly Savings Resulting from Buying over Renting in The United Kingdom (Uk) from 2020 to 2023, by Region (in Gbp)." Statista, Statista Inc., 26 Mar 2024, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group, Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP) Statista, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/ (last visited December 11, 2024)
Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP) [Graph], Lloyds Banking Group, March 26, 2024. [Online]. Available: https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
