30.08.2011 - UK: Buying a house is cheaper than renting for first-time buyers
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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