Monday, 22 May 2017

Renting A Home Is Cheaper Than Buying In 54% Of British Cities

Renting a home is now cheaper than buying one in more than half (54%) of British cities. The average monthly rental payment on a two-bedroom property rings in at £690 across Britain's 50 biggest cities – £47 less each month than those making average mortgage repayments of £737. Research has found that Londoners fare best when it comes to renting, paying 47% less than the average mortgage payment  in the city. The proportion of locations where it is now cheaper to rent a home than buy one has increased by 14% since October 2016, when it was more cost-effective to buy in 60% of British cities. Read more on the Zoopla website.

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