
Which is cheaper – renting or buying a home?
Buying a property isn't accessible to everyone, but how much does renting really cost? Renting is £172,513 cheaper than owning a home over a 10-year period based on upfront and monthly costs alone, according to Bunk. The lettings platform found that, across the UK, the average monthly rent is £676. With the newly introduced five-week cap, that means a rental deposit costs an average of £845 and renting at this average monthly rate over a 10-year period would cost a total £81,