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UK: Buying a house is cheaper than renting for first-time buyers

Posted on 30 August 2011

Low interest rates and falling property prices mean that buying a house or flat is over £100 a month cheaper for first-time buyers than renting a property is.
New research shows that the average monthly cost associated with buying a two-bedroom flat for a first-time buyer is around £567. This is £110 lower than the typical rent paid on an equivalent property, according to Halifax, which conducted the research……………………………………….Full Article: Source


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