New data, based on the housing costs associated with a mortgage on a three-bed home versus the average monthly rent of the same property type, has revealed that first-time buyers are now £800 a year better off than renters. According to research from Halifax, the gap between buying and renting has stretched by 8% in the past 12 months. Monthly rental costs have increased by 10% to £821 in the past year, while monthly buying costs have increased by 1% to £753 during the same period. The difference was only 1% in 2019, which dropped sharply from the previous year, when the monthly difference between buying versus renting was 10%. Read more on the Property Reporter website.
https://www.propertyreporter.co.uk/property/buying-vs-renting-gap-widens-during-lockdown.html
No comments:
Post a Comment