Buying a house is now CHEAPER than renting as house prices fall | Mail Online
Falling house prices and rising rents have made it cheaper to buy a home than be a tenant in eight out of ten towns, research has indicated.
Renting a home now costs an average of 10.5 per cent more than paying interest on a mortgage for a comparable property, up from a premium of 8.7 per cent in the middle of last year, according to property website Zoopla.co.uk.
The group said that, as a result of low interest rates and falling house prices, people were better off buying a two-bedroom flat than renting one in 80 per cent of towns and cities in Great Britain.
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