UK CITIES

WHERE IT’S CHEAPER TO RENT THAN BUY

According to a 2017 Zoopla report it’s now cheaper to rent than buy in over half the cities and towns in the UK.

Check out the data below to show whether you’d be better off with a mortgage or a landlord where you live.

Top 10 Places Where Cheaper to Rent

Top 10 Places Where Cheaper to Buy

DUNDEE

GLASGOW

MIDDLESBROUGH

LEEDS

BRADFORD

BARNSLEY

LIVERPOOL

OLDHAM

BOLTON

WALSALL

CAMBRIDGE

BIRMINGHAM

COVENTRY

BEDFORD

READING

BRISTOL

LONDON

SOUTHAMPTON

BRIGHTON

BOURNEMOUTH

Top 10 Locations Where Renting Beats Buying

Location

 Average Monthly Rent

Avg. Monthly Mortgage Repayment (based on 90% LTV)

Amount Saved Renting

Average Asking Price

LONDON

 

CAMBRIDGE

 

BRIGHTON

 

READING

 

BEDFORD

 

LIVERPOOL

 

SOUTHAMPTON

 

BRISTOL

 

OLDHAM

 

BOURNEMOUTH

£1,861

 

£1,099

 

£1,199

 

£1,000

 

£764

 

£623

 

£779

 

£900

 

£476

 

£848

£599,950

 

£297,498

 

£315,000

 

£260,000

 

£195,000

 

£156,750

 

£189,750

 

£210,995

 

£109,950

 

£194,975

£3,001

 

£1,488

 

£1,576

 

£1,301

 

£975

 

£784

 

£949

 

£1,056

 

£550

 

£975

£1,140

 

£389

 

£377

 

£301

 

£211

 

£161

 

£170

 

£156

 

£74

 

£127

Top 10 Locations Where Buying Beats Renting

Location

 Average Monthly Rent

Avg. Monthly Mortgage Repayment (based on 90% LTV)

Amount Saved

Renting

Average Asking Price

GLASGOW

 

DUNDEE

 

COVENTRY

 

BRADFORD

 

BARNSLEY

 

LEEDS

 

MIDDLESBROUGH

 

BOLTON

 

BIRMINGHAM

 

WALSALL

£649

 

£549

 

£775

 

£493

 

£450

 

£736

 

£479

 

£493

 

£749

 

£523

£95,000

 

£82,000

 

£125,000

 

£79,998

 

£75,000

 

£125,000

 

£85,950

 

£85,000

 

£130,000

 

£91,000

£475

 

£410

 

£625

 

£400

 

£375

 

£625

 

£425

 

£425

 

£650

 

£455

£174

 

£139

 

£130

 

£93

 

£75

 

£111

 

£54

 

£68

 

£99

 

£68

Source

https://www.zoopla.co.uk/press/releases/cheaper-to-rent-than-buy-in-over-half-of-british-cities/