News Column

GBP 120 a Month Cheaper to Buy Than Rent

Page 2 of 3

Table 1: UK average monthly buying costs and rental payments(i)

----------------------------------------------------------------------------                      Average          Average                      monthly          monthly              %           GBP                 buying costs  rental costs(i)     difference     difference----------------------------------------------------------------------------Dec-08                GBP 935          GBP 719            30%        GBP 217----------------------------------------------------------------------------Dec-09                GBP 646          GBP 652            -1%         -GBP 6----------------------------------------------------------------------------Dec-10                GBP 643          GBP 680            -6%        -GBP 38----------------------------------------------------------------------------Dec-11                GBP 614          GBP 713           -14%        -GBP 99----------------------------------------------------------------------------Dec-12                GBP 621          GBP 741           -16%       -GBP 120----------------------------------------------------------------------------Sources: Halifax, Birmingham Midshires and ONS(i)Weighted average of regional data using housing tenure figures.


Table 2: Average monthly buying and rental costs by region, December 2012

----------------------------------------------------------------------------                        Average                        monthly        Average                         buying        monthly              %           GBP                          costs   rental costs     difference     difference----------------------------------------------------------------------------Greater London        GBP 1,101      GBP 1,294           -15%       -GBP 193----------------------------------------------------------------------------Northern Ireland        GBP 362        GBP 421           -14%        -GBP 60----------------------------------------------------------------------------South East              GBP 839        GBP 889            -6%        -GBP 51----------------------------------------------------------------------------South West              GBP 697        GBP 737            -5%        -GBP 39----------------------------------------------------------------------------East Anglia             GBP 606        GBP 645            -6%        -GBP 39----------------------------------------------------------------------------West Midlands           GBP 525        GBP 560            -6%        -GBP 34----------------------------------------------------------------------------Scotland                GBP 524        GBP 558            -6%        -GBP 34----------------------------------------------------------------------------North West              GBP 498        GBP 526            -5%        -GBP 28----------------------------------------------------------------------------North                   GBP 451        GBP 478            -6%        -GBP 27----------------------------------------------------------------------------Wales                   GBP 470        GBP 486            -3%        -GBP 16----------------------------------------------------------------------------East Midlands           GBP 505        GBP 513            -2%         -GBP 8----------------------------------------------------------------------------Yorkshire & the Humber                 GBP 482        GBP 483             0%         -GBP 1----------------------------------------------------------------------------Sources: Halifax, Birmingham Midshires and ONS

Continued | 1 | 2 | 3 | Next >>

Story Tools