Research finds renters spend £1.1m more than buyers in a lifetime

Of the 17m people renting homes in Britain, over two-thirds now say they have no plans to purchase a property in their lifetimes. Some 20% of those surveyed by Direct Line said that they do not want the financial commitment of owning a property, while another 20% claims that the cost and effort of maintaining a property is off-putting. Just less than 20% said they wanted the freedom to travel and did not wish to be tied to one place. Research by new home builder Strataclaims that a lifetime of renting a home will cost £1m more than buying one.

The Independent (24/06/2018)