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If it is possible to increase rental rates at the rate of inflation, then your income gradually increases, since the fixed-rate mortgage being paid off (your primary expense) does not increase at the rate of inflation. This results in a gradually increasing rate of return on the property. This advantage only applies if you avoid variable-rate mortgages.

I am just in love with the nature of UK. So decided to buy house from offers of property for sale far from city because live and work in village was my dream. One common trend among people who rent a home or apartment is they’re frequently on the move to new places. Owning a home improves stability for many people, which is a nice perk.

Another area where renters have a better financial deal is the up-front cost. Renters generally have to pay a security deposit that is equal to one month’s rent. And that's usually all. This deposit is theoretically returned to them when they move out, provided they haven’t damaged the rental property.4