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UK first time buyers spend tens of thousands on rent before buying, study shows

Nicholas Wallwork

Nicholas Wallwork

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Potential property buyers in the UK face spending £81,300 on rent over 16 years before purchasing their first home, according to new research. And in pricey areas such as London, the typical first time could spend £308,500 on rent in their lifetime, 20% more than the £257,250 typically spent buying a first property in the [...]

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