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Annual savings resulting from buying over renting in the UK 2017, by region
Annual savings resulting from buying over renting in the UK 2017, by region
Average annual savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*
by James Cherowbrier,
last edited
Feb 21, 2018
This statistic shows the annual savings made by first time buyers, resulting from the decision of purchase against rental of the three bedroom home in the United Kingdom (UK) in 2017. Although London had the highest annual costs for both buying and renting first time property, it also saw the highest average annual savings with almost 2.2 thousand British pounds in 2017. The United Kingdom (UK) as a whole saw an average annual savings of 900 British pounds for first time buyers as opposed to renters in 2017.
Average annual savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*
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| Average monthly savings in GBP | |
|---|---|
| Greater London | 2,191 |
| South West | 1,722 |
| Scotland | 1,240 |
| West midlands | 1,229 |
| East Midlands | 1,134 |
| Wales | 1,100 |
| South East | 1,098 |
| North of England | 1,018 |
| North West | 929 |
| United Kindom | 900 |
| East Anglia | 899 |
| Northern Ireland | 747 |
| Yorkshire and the Humber | 589 |
| Average monthly savings in GBP | |
|---|---|
| Greater London | 2,191 |
| South West | 1,722 |
| Scotland | 1,240 |
| West midlands | 1,229 |
| East Midlands | 1,134 |
| Wales | 1,100 |
| South East | 1,098 |
| North of England | 1,018 |
| North West | 929 |
| United Kindom | 900 |
| East Anglia | 899 |
| Northern Ireland | 747 |
| Yorkshire and the Humber | 589 |
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by James Cherowbrier,
last edited
Feb 21, 2018
This statistic shows the annual savings made by first time buyers, resulting from the decision of purchase against rental of the three bedroom home in the United Kingdom (UK) in 2017. Although London had the highest annual costs for both buying and renting first time property, it also saw the highest average annual savings with almost 2.2 thousand British pounds in 2017. The United Kingdom (UK) as a whole saw an average annual savings of 900 British pounds for first time buyers as opposed to renters in 2017.
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- Release date
- February 2018
- Region
- United Kingdom
- Survey time period
- 2017
- Supplementary notes
-
* Payments refer to the average for buying and renting a three bedroom house over 12 months to December 2017.
Free access to basic statistics
Source
- Show sources information
- Show publisher information
- Release date
- February 2018
More information
- Region
- United Kingdom
- Survey time period
- 2017
- 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)"
- First time buyers and expectations to buy
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- Average house price in the United Kingdom (UK) from June 2007 to June 2019, by country (in GBP)Average house price in the United Kingdom (UK) 2007-2019, by country
- Simple average house price for dwellings in the United Kingdom (UK) from 2000 to 2018, by type of buyer (in GBP)Dwellings: simple average house price in the UK 2000-2018, by buyer type
- Total number of first time home buyers in the United Kingdom (UK) from 1st half 2008 to 2nd half 2018*Number of first time buyers in the United Kingdom H1 2008-H2 2018
- Number of first time homebuyers in the United Kingdom (UK) in 2016, by countryNumber of first time home buyers in the United Kingdom (UK) 2016, by country
- Share of first time home buyers in England in 2015/2016, by gender of household reference personShare of first time home buyers in England 2015/2016, by gender
- Number of social renters expecting to buy a first home in England 2006/07 to 2015/16 (in 1,000s)Expectations of social renters with buying a first home in England 2006/07-2015/16
- Number of private renters expecting to buy a first home in England 2006/07 to 2015/16 (in 1,000s)Expectations of private renters with buying a first home in England 2006/07-2015/16
- Average costs for first time buyers
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- Average monthly costs of buying a home for first time buyers in the United Kingdom (UK) from 2008 to 2017 (in GBP)Average monthly home buying costs in the United Kingdom (UK) 2008-2017
- Average monthly costs of buying a home* versus renting an apartment in the United Kingdom (UK) from 2009 to 2017 (in GBP)First time home buyer average monthly costs vs rental payments in the UK 2009-2017
- Average monthly savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*Monthly savings resulting from buying over renting in the UK 2017, by region
- Average monthly costs of buying a home for first time buyers in the United Kingdom (UK) in 2017, by region (in GBP)*Monthly costs of buying a property in the UK 2017, by region
- Average annual savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*Annual savings resulting from buying over renting in the UK 2017, by region
- Average age of first-time home buyer in the United Kingdom (UK) from 2011 to 2017First time home buyers: average age in the United Kingdom (UK) 2011-2017
- Average age of recent first time home buyers in England from 2005/06 to 2017/2018, in and outside LondonAverage age of recent first time home buyers in England 2005/06-2017/2018
- Average mortgage of first time buyers in the United Kingdom (UK) in 2018, by region (in 1,000 GBP)First time buyer mortgage in the United Kingdom (UK) 2018, by region
- Difficulties for first time buyers
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- Largest barriers to buying a first property in the United Kingdom (UK) in 2019First-time buyers: biggest barriers to buying first property in the UK 2019
- Distribution of complaints regarding home finance products in the United Kingdom (UK) in the 1st half 2018, by cause of complaintHome finance services complaints in the United Kingdom (UK) H1 2018, by cause
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- Difficulty of first-time buyers to obtain a mortgage according to adults (25-45) in the United Kingdom (UK) in 2012 and 2015Perceived difficulty of obtaining a mortgage in the UK 2011-2015
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- Reasons why first-time buyers put off their mortgage application in the United Kingdom (UK) in 2011 and 2015Issues that put first-time buyers off applying for a mortgage in the UK 2011-2015
- Share of non-owners that worry they will never be able to buy a home in the United Kingdom (UK) in 2015, by regionConcern of non-owners with ever being able to buy a house in the UK 2015, by region
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- Total value of mortgage loans aided by the Help to Buy mortgage guarantee scheme in the United Kingdom (UK) from January 2015 to March 2017 (in million GBP)Value of mortgages supported by Help to Buy scheme in the UK 2015-2017
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- Total number of mortgage completions through the Help to Buy scheme in the United Kingdom (UK) from October 2013 to June 2017, by property typeMortgage completions via Help to Buy scheme in the UK 2013-2017, by property type
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Statistics on "First time home buyers in the United Kingdom (UK)"
- Average house price in the United Kingdom (UK) from June 2007 to June 2019, by country (in GBP)
- Simple average house price for dwellings in the United Kingdom (UK) from 2000 to 2018, by type of buyer (in GBP)
- Total number of first time home buyers in the United Kingdom (UK) from 1st half 2008 to 2nd half 2018*
- Number of first time homebuyers in the United Kingdom (UK) in 2016, by country
- Share of first time home buyers in England in 2015/2016, by gender of household reference person
- Number of social renters expecting to buy a first home in England 2006/07 to 2015/16 (in 1,000s)
- Number of private renters expecting to buy a first home in England 2006/07 to 2015/16 (in 1,000s)
- Average monthly costs of buying a home for first time buyers in the United Kingdom (UK) from 2008 to 2017 (in GBP)
- Average monthly costs of buying a home* versus renting an apartment in the United Kingdom (UK) from 2009 to 2017 (in GBP)
- Average monthly savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*
- Average monthly costs of buying a home for first time buyers in the United Kingdom (UK) in 2017, by region (in GBP)*
- Average annual savings for first time buyers resulting from buying over renting in the United Kingdom (UK) in 2017, by region (in GBP)*
- Average age of first-time home buyer in the United Kingdom (UK) from 2011 to 2017
- Average age of recent first time home buyers in England from 2005/06 to 2017/2018, in and outside London
- Average mortgage of first time buyers in the United Kingdom (UK) in 2018, by region (in 1,000 GBP)
- First time buyer average house price in the United Kingdom (UK) 2015 to 2017, by region (in GBP)
- First time buyer average deposit in the United Kingdom (UK) from 2015 to 2017, by region (in GBP)
- First time buyer average deposit as a share of purchase price in the United Kingdom (UK) as of 2015 and 1st half of 2017, by region
- Average target deposit to average property price in the United Kingdom (UK) in 2019, by region (in 1,000s)
- Average target deposit to average property price ratio for potential first-time buyers in the United Kingdom (UK) in 2019, by region
- Largest barriers to buying a first property in the United Kingdom (UK) in 2019
- Distribution of complaints regarding home finance products in the United Kingdom (UK) in the 1st half 2018, by cause of complaint
- Number of complaints relating to home financing products and services in the United Kingdom (UK) in the first half of 2018, by company
- Difficulty of first-time buyers to obtain a mortgage according to adults (25-45) in the United Kingdom (UK) in 2012 and 2015
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- Reasons why first-time buyers put off their mortgage application in the United Kingdom (UK) in 2011 and 2015
- Share of non-owners that worry they will never be able to buy a home in the United Kingdom (UK) in 2015, by region
- Number of mortgage completions through Help to Buy Guarantee governmental scheme in the United Kingdom (UK) from January 2014 to June 2017
- Total value of mortgage loans aided by the Help to Buy mortgage guarantee scheme in the United Kingdom (UK) from January 2015 to March 2017 (in million GBP)
- Total value of Help to Buy scheme guarantees in the United Kingdom (UK) from January 2015 to March 2017 (in million GBP)
- Total number of mortgage completions through the Help to Buy scheme in the United Kingdom (UK) from October 2013 to June 2017, by property type
- Total number of mortgage completions through Help to Buy guarantee scheme in the United Kingdom (UK) from October 2013 to June 2017, by applicant income
- Number of help to buy bonuses and property completions in the United Kingdom (UK) from December 2015 to March 2018, by age group
- Share of residential property inventory made up of starter, trade-up and premium homes in the United States from Q1 2016 to Q1 2019
- Average price of flats and maisonettes built pre-1919 in London (United Kingdom) from 1st quarter 2012 to 4th quarter 2015 (in GBP)
- Average price of semi-detached houses in London from 1st quarter 2012 to 4th quarter 2015 (in GBP)
- Average quarterly price of terraced houses built pre-1919 in Greater London (United Kingdom) from 1st quarter 2011 to 4th quarter 2015 (in GBP)
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- Average price of residential properties built pre-1919 in the United Kingdom (UK) from the 1st quarter of 2011 to the 4th quarter of 2015 (in GBP)
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- Average price of detached houses in Greater London (United Kingdom) from 1st quarter 2012 to 4th quarter 2015 (in GBP)
- Average price of terraced houses built after 1960 (not new) in Greater London from 1st quarter 2011 to 4th quarter 2015 (in GBP)
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- Average price of terraced houses built between 1946 and 1960 in Greater London (United Kingdom) from 1st quarter 2011 to 4th quarter 2015 (in GBP)
- Average price of detached houses built between 1919 and 1945 in Greater London from 1st quarter 2013 to 4th quarter 2015 (in GBP)
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- Average price of new semi-detached houses in the United Kingdom (UK) from the 1st quarter of 2011 to the 4th quarter of 2015 (in GBP)
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