Average monthly savings for first time buyers 2023

Average monthly savings resulting from buying over renting in the United Kingdom (UK) from 2020 to 2023, by region (in GBP)

Monthly savings resulting from buying over renting in the UK 2020-2023, by region

Last update:

Aug 15, 2024

Author:

��ƽ�� Research Department

Region:

United Kingdom

Survey time period:

From 01/01/2019 to 31/12/2023

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.

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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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