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Monthly savings resulting from buying over renting in the UK 2021, by region

Published by Statista Research Department, Jan 11, 2023
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) in 2021. 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, amounting to 348 British pounds.

Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP)

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Sources

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Release date

March 2022

Region

United Kingdom

Survey time period

2021

Supplementary notes

Payments refer to the average for buying and renting a three bedroom house over 12 months to December 2020.

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

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

Overview

7

Average costs for first time buyers

8

Home buying process

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Help to buy scheme

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Further related statistics

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