Cheaper to buy than rent across much of Britain

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Cheaper to buy than rent in nearly half of Britain’s cities. This is closely followed by London where owning a home costs an average of 15,216 (46 per cent) more per year than renting, and Brighton where owning a property costs 4,812 (29 per cent) more annually on average than renting.

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Falling house prices and increasing rental demand has made it cheaper to buy a property than to rent one in 45 of the 50 largest towns across Britain. The cost of renting is now 13% higher on average than the cost of owning, according to the latest research from property website Zoopla.co.uk.

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Meanwhile, Lambeth is the most expensive borough to rent in, costing an eye-watering 2,113 per month, outstripping rents in Chelsea, Fulham and Kensington by 236 per month. In London rents are on average 73% higher than the rest of the UK.

Is renting better than buying? Calculate your renting and buying costs to determine which is cheaper & discover when you will break. Rent vs. Buy Calculator; Real.

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Stay in the know – sign up to get emails from the Mayor and City Hall. The data on average rents is given at postcode district level (SW19 or E7, for. It therefore does not fully reflect the most recent short-term trends in the market. If there are too few rents in a postcode district to make a reliable estimate of average rents.