Average rents set to become cheaper than mortgage repayments for first time in 14 YEARS
Monthly rent set to be expensive than mortgage payment by early 2023. That's according to a paper by research consultancy Capital Economics.
It put the change down to high house prices and rising mortgage rates. It is the first time the balance has tipped in renters' favour since 2008. Owning being more expensive than renting has previously preceded a recession
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