According to recent research by Halifax, the cost of buying a home, including buying costs, mortgage payments, income lost by funding a deposit rather than spending, insurance, and household maintenance and repair costs, is now almost a fifth lower than renting.

The research suggests average buying costs have dropped by 3% since 2011, whilst the cost of renting has gone up by 5%. Last year, the monthly cost saving associated with buying was calculated as £78 or 11% less than renting. In stark contrast, just four years ago average home buying costs were £1,048 per month, £324 or 45% – more than the average rent.

Whilst the figures from Halifax imply there has been a significant decline in the cost of buying a home – great news for those able to do so! They overlook the struggles many young adults are currently facing in raising a deposit, in order to get a foot on the property ladder. Furthermore, a recent industry report has suggested the number of 20-34 year olds living at home with their parents has now risen by 20% since 1997, seemingly a last option for young people trying to save for a deposit.

The House Crowd offers an alternative solution for first-time buyers struggling to raise a deposit for their first home. For as little as £1000, our crowdfunding property investment model provides a minimum annual return of 6%, in addition to a share of house sale profits –  showing how investing in property can ideal for helping to grow your deposit in order to take your first step onto the property ladder.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www. We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www. If you’ve read enough and want to invest now, visit www.