Zoopla.co.uk Top 50 Rent vs Buy Index: December 2011

High rental demand, due to the difficulties would-be buyers face in getting financing, coupled with low mortgage rates has made buying property in Britain more attractive today than it has ever been in comparison to renting. Buying now beats renting in 47 of the 50 largest towns across the country, according to our latest statistics.

To buy or To rent
Rank City Average Monthly Rent
2-bed flats
Average Asking Price
2-bed flats
% Difference renting
compared to buying
Rent or buy
1 Milton Keynes £756 £133,217 36% BUY
2 Warrington £601 £108,604 33% BUY
3 Walsall £507 £92,031 32% BUY
4 Coventry £582 £105,850 32% BUY
5 Northampton £587 £106,925 32% BUY
6 York £866 £158,127 31% BUY
7 London £2,416 £442,036 31% BUY
8 Wolverhapmton £505 £92,590 31% BUY
9 Swindon £597 £110,574 30% BUY
10 Birmingham £706 £130,937 29% BUY
11 Preston £542 £102,211 27% BUY
12 Peterborough £564 £106,632 27% BUY
13 Reading £1,005 £191,499 26% BUY
14 Derby £549 £105,051 25% BUY
15 Bradford £496 £95,886 24% BUY
16 Nottingham £598 £116,632 23% BUY
17 Barnsley £440 £87,424 21% BUY
18 Manchester £690 £138,230 20% BUY
19 Rotherham £480 £96,324 20% BUY
20 Leeds £693 £139,517 19% BUY
21 Colchester £643 £130,534 18% BUY
22 Stoke on Trent £461 £93,905 18% BUY
23 Dundee £524 £106,674 18% BUY
24 Glasgow £549 £111,884 18% BUY
25 Leicester £568 £116,019 17% BUY
26 Ipswich £565 £115,727 17% BUY
27 Bolton £539 £111,174 16% BUY
28 Newcastle upon Tyne £607 £125,835 16% BUY
29 Doncaster £489 £103,118 14% BUY
30 Hull £529 £112,378 13% BUY
31 Southampton £734 £156,525 13% BUY
32 Sheffield £558 £120,514 11% BUY
33 Norwich £616 £133,244 11% BUY
34 Bedford £614 £134,555 9% BUY
35 Wigan £477 £105,309 9% BUY
36 Stockport £619 £137,313 8% BUY
37 Brighton £1,119 £248,653 8% BUY
38 Cambridge £1,060 £235,765 8% BUY
39 Lincoln £552 £125,915 5% BUY
40 Middlesborough £539 £124,260 4% BUY
41 Bristol £762 £177,348 3% BUY
42 Cardiff £645 £151,651 2% BUY
43 Huddersfield £510 £119,868 2% BUY
44 Liverpool £609 £143,624 2% BUY
45 Aberdeen £849 £201,949 1% BUY
46 Edinburgh £706 £168,351 1% BUY
47 Oldham £504 £120,690 0% BUY
48 Bournemouth £756 £192,456 -6% RENT
49 Plymouth £618 £158,693 -7% RENT
50 Swansea £653 £172,871 -9% RENT

Zoopla.co.uk

Zoopla.co.uk Rent vs Buy Index - Key and Methodology

Mortgage payments are calculated assuming a conservative mortgage rate of 5% p.a. to provide an effective comparison to renting.

We use an interest-only mortgage rate in the comparison as the interest on a mortgage is the effective cost of financing living in that home.

We assume a 100% LTV ratio to do a fair and simple comparison of the cost of financing versus the cost of rent.