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 2020. 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 400 British pounds in 2020.
Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2020, by region
(in GBP)
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Lloyds Banking Group. (April 1, 2021). Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2020, by region (in GBP) [Graph]. In Statista. Retrieved January 28, 2022, 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) in 2020, by region (in GBP)." Chart. April 1, 2021. Statista. Accessed January 28, 2022. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. (2021). Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2020, by region (in GBP). Statista. Statista Inc.. Accessed: January 28, 2022. 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) in 2020, by Region (in Gbp)." Statista, Statista Inc., 1 Apr 2021, 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) in 2020, by region (in GBP) Statista, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/ (last visited January 28, 2022)
