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Renting a residential property in the UK is currently 9.7% more expensive than owning one, says Zoopla, the property website.

The statistic relates to evaluating asking prices and rents of available properties around the country  and assumes a mortgage rate of 5%.

Milton Keynes is the top spot for rentals being the keast attractive proposition with rents being 43% HIGHER than home ownership repayments.

In contrast Poole, Dorset is a much more attractive rental prospect being 27% cheaper than servicing a mortgage.

But EIGHT out of TEN of the FIFTY largest towns and cities in the UK offer cheaper home ownership than being a tenant.