First time home buyer average monthly costs vs rental payments in the United Kingdom 2009-2017

The data displays the comparison between average monthly cost for buying a home for first-time buyers versus monthly cost of renting residential property in the UK from 2009 to 2017. Over the years, the ratio changed in favor of cheaper costs for buying vs renting. In December 2017 the average monthly costs associated with buying a three bedroom house in the United Kingdom amounted to 679 GBP for a first-time buyer, while monthly rental costs rose up to 754 GBP.