Dundee Beats Edinburgh in Top Five Locations Where Renting is Cheaper Than Buying a Property

Top 5 UK locations where renting rules

Click on table to enlarge

In a survey published recently in an Independent blog posting, Dundee is identified in the top five places in the UK where it is cheaper to rent than to buy a home. Best of all Dundee came in at number four, a place above Edinburgh!

The Independent's Property Correspondent, Alex Johnson, drew upon an analysis by Zoopla. Their analysis,
'suggests that renting a typical two-bedroom property is £987 more expensive per year than paying an interest-only mortgage on an equivalent home.'

Link to Independent blog article for details of how Zoopla made their calculations. 

While buying is now cheaper than renting across 86% of the UK’s cities, up from 84% one year ago, it is clear that in Dundee the differences are less pronounced and different. The table of 'Top 5 UK locations where renting rules' (see above) shows Dundee coming in at 4 above Edinburgh! The table shows that it is 2% cheaper to rent than to buy in Dundee.