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| Link to Evening Standard |
"Stepping on to the property ladder instead of renting will save
people almost £200,000 over a lifetime, according to research today.
"The report by Barclays showed that the average total of buying,
paying mortgages and maintaining a home costs £429,000 over 50 years,
not even accounting for the value of the home at the end, compared with
£623,000 in rent."
This research will definitely ring an alarm and change the perspective of some English people when it comes to home ownership. Aside from the amount of money they can save, buying a house has a lot more to offer to a person. Security and investment being the most favored reason. In addition, a house has a larger living space compared to most rentals out there.
ReplyDeleteClinton Larocque