Costs for first-time buyers increases by two thirds in a decade
Property prices for first-time buyers in the UK have increased by 69% in the past decade, with the average price rising from £142,473 in 2010 to £241,025 today, according to the latest data from Halifax.
In London, the average first-time buyer property has nearly doubled in price (up 98%) to £463,536, with prices in the South East increasing by 73% to £303,838, and the East Midlands up 68% to £187,525. Halifax says that this compares to an average 60% rise for all buyer types.
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Source: Property Wire
