Buying a property is cheaper than renting, according to a recent estate agent survey.
Conducted by Relocation Agent Network, of which Brown & Cockerill Estate Agents is a member, not only is it cheaper to buy, but you could make savings of up to £1,500 per year.
Relocation Agent Network, the national network of independent estate agents asked its members whether it was cheaper to buy or rent a property over the course of a calendar year. Some 87.5 per cent said that it was cheaper to buy.
Based on a three-bedroom house, member respondents were asked what they estimated the annual saving was from buying a property instead of renting one. Over a third (33.85 per cent) of member respondents stated that it was possible to save up to £1,500 a year by purchasing a three-bedroom house instead of renting it.
Carl Watts from Brown & Cockerill Estate Agents in Rugby said: “This survey shows us that buying really is the preferred option when it comes to making cost savings.
“At Brown & Cockerill we understand that some people are renting because they can’t get onto the property ladder - the so called ‘trapped tenants’ - but we’re here to help and guide you through the buying process.”
Contact Brown & Cockerill, 12 Regent Street, Rugby, on (01788) 551111 or email@example.com