Renters Still Paying Up To 18% More Than Buyers

The gap between home buying and renting is at its smallest margin for 10 years, but renters are still paying up to 18% more in some parts of the UK, according to the latest research from Halifax. At a UK level, homeowners are saving 3% on average (£227 annually) with the gap reducing from 17% year-on-year since 2015, when buyers were saving an average of £,1476 per year. This has reversed from 2009 when it was buying that was more expensive, and renters saved on average £209 per year or £17 per month. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/finance/renters-still-paying-up-to-18-more-than-buyers.html