New statistics have revealed that renting a property is now cheaper than buying one across much of the UK.
But in one popular Greater Manchester area, it still remains the other way around.
According to leading property platform Rightmove, which has analysed the latest price data, the average monthly rent in Great Britain is now lower than a typical new mortgage payment – with the average advertised monthly rent nationwide being £1,547 and a new mortgage on a typical home currently costing around £1,670 a month.
This means that renters, for the first time since June 2025, are coming out £123 a month better off than buyers.
Rightmove says that, to arrive at that figure, it used the current average asking price of £373,971, paired with the average two-year fixed rate of 5.35% recorded so far in April, and with calculations assuming a 20% deposit and a 30-year term.
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So, what has changed then? Well, the simple answer is that mortgage rates have gone up.
Renting a home is now cheaper than buying one across much of the UK / Credit: Benjamin Elliott (via Unsplash)
The average two-year fixed rate sat at 4.24% in February, but by April, it had climbed to 5.35%, and unfortunately, that increase is enough to push a new buyer’s monthly payment above what many people are currently paying in rent.
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The national picture does not tell the whole story though, however, as there are real differences from one part of the country to another, largely driven by local property prices.
As mentioned earlier, there is one popular Greater Manchester residential area where buying is still cheaper than renting overall, according to the latest data – and that is Salford.
In Salford, the average asking price of a property is £245,478 with an average monthly mortgage repayment being £1,096, whereas the average monthly rent sits at £1,323, so this means that a +£277 difference.
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Rightmove property experts say Salford is helped by ‘more affordable’ property prices keeping borrowing costs ‘in check’.
“Mortgage payments have risen quite sharply in a short space of time for new buyers,” commented Rightmove property expert, Colleen Babcock.
“It will be interesting to see whether more would-be buyers turn to renting temporarily while rates remain high, particularly when monthly costs can exceed average rents and the timing of rate cuts is still unclear.”
Featured Image – Shvets Production (via Pexels)
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Tribute paid to man ‘loved by so many’ stabbed to death in Levenshulme
Daisy Jackson
The brother of a man stabbed to death in Levenshulme has paid a heartbreaking tribute to him.
Zherko Rasul Osman was just 24 years old when he was fatally wounded in an incident on Chapel Street on Saturday evening.
Despite the best efforts of emergency services personnel, Zherko sadly died at the scene.
Now, his brother has paid tribute to him, saying he was ‘someone who was loved by so many’.
The touching tribute reads: “My brother was a kind, friendly and loving person who never looked for trouble or wanted to harm anyone.
“He was loved and respected by his friends, his mates and the neighbours in the community where he lived. He had a good heart and would always be remembered for the warmth and happiness he brought to those around him.
“His life was taken so suddenly and for no reason, leaving a pain and emptiness that words cannot describe. We are heartbroken that someone who was loved by so many is no longer here. He deserved to live his life and make memories with the people he loved.
“He will never be forgotten. His smile, his kindness and the memories we shared with him will stay in our hearts forever. We love you, and we will miss you every single day.”
Zherko Rasul Osman suffered serious stab wounds on Chapel Street in Levenshulme at around 7.06pm on Saturday 15 August.
A 23-year-old man has been arrested on suspicion of murder, and he remains in custody for questioning. A 27-year-old man who had also been arrested on suspicion of murder remains on bail pending further enquiries.
Officers continue to make progress as the investigation continues. It is believed this was an isolated incident with no wider threat to the public.
Police are urging anyone who may have information to please report it through the dedicated online portal HERE.
Anyone in the Chapel Street area around the time of this incident, or who has mobile phone, CCTV, Ring doorbell or dashcam footage can contact police on 0161 856 9008 quoting the log number 2983 of 15/08/2026.
Alternatively contact independent charity Crimestoppers anonymously on 0800 555 111.
Government launches £442m drive to get rough sleepers off streets before Christmas
Emily Sergeant
Prime Minister Andy Burnham has launched a £442m drive to get rough sleepers off the streets before Christmas.
Learning from ‘innovative’ approaches put into place during the pandemic, the Government has announced that new accommodation will be rolled out across England this winter, as well as offering practical help with housing, health, and other needs to support people to build a more stable life for themselves in the future.
The new commitment to offer everyone a route off the streets this Christmas, along with boosted funding, reflect the Andy Burnham‘s national drive to make ‘real change’ and get everyone playing their part in ending rough sleeping.
Not only will these plans change the lives of rough sleepers, but it’s also said they will have huge benefits for the country as a whole.
Research from homelessness charity Crisis suggests that by preventing 40,000 people from becoming homeless for a year, taxpayers could save around £370 million.
The Government has launched a £442m drive to get rough sleepers off the streets before Christmas / Credit: Number 10 Press Office | Jon Tyson (via Unsplash)
As well provisions to get people off the streets, and the intensive ‘wraparound’ support, the newly allocated funding will also help local areas deliver more than 1,000 ‘settled’ homes over the next three years, it has been confirmed.
Areas facing the greatest pressures will receive the largest share of support.
Working alongside councils, Mayors will play a leading role in driving local action to end rough sleeping, and will be tasked with making decisions that are right for their communities to deliver help where it’s needed most.
The Prime Minister says he ‘won’t accept’ rough sleeping any longer. He commented: “No one should have to bed down in a doorway or outside a station, but we’ve seen it for so long that it feels like Westminster has started to accept it.
“That’s why my first instruction as Prime Minister was to end rough sleeping, and it’s why today we’re getting started with a national drive to get everyone in for Christmas. We did it in the pandemic, we can do it again. But it needs all of us.
Emily Sergeant -
8th May 2026 
