London now cheaper to buy over renting!
#1
Account Closed
Thread Starter
Joined: Sep 2007
Posts: 5,768
London now cheaper to buy over renting!
According to the Halifax, the 'average' London home is currently £177 per month cheaper to buy over renting.
Ok mortgage rates are low as and I think property prices too, but it's always cheaper to rent than buy here.
Why is that?
Ok mortgage rates are low as and I think property prices too, but it's always cheaper to rent than buy here.
Why is that?
#3
Re: London now cheaper to buy over renting!
http://en.wikipedia.org/wiki/Negativ...28Australia%29
It's a strange form of tax avoidance in Oz - doesn't imply the same thing as it does in the UK. Basically you take a loss on the property mortgage vs rent which can be offset against personal tax.
It's a strange form of tax avoidance in Oz - doesn't imply the same thing as it does in the UK. Basically you take a loss on the property mortgage vs rent which can be offset against personal tax.
#4
Re: London now cheaper to buy over renting!
http://en.wikipedia.org/wiki/Negativ...28Australia%29
It's a strange form of tax avoidance in Oz - doesn't imply the same thing as it does in the UK. Basically you take a loss on the property mortgage vs rent which can be offset against personal tax.
It's a strange form of tax avoidance in Oz - doesn't imply the same thing as it does in the UK. Basically you take a loss on the property mortgage vs rent which can be offset against personal tax.
#5
Re: London now cheaper to buy over renting!
Mind I've never really got my head around it - but it does seem popular and it does keep the rental costs down - at the price of an overpriced real estate market.
#6
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: London now cheaper to buy over renting!
When we bought in Brisbane we were paying less to buy than to rent BUT then house prices went through the roof and the situation was reversed so it is a recent thing.