FTB affordability stretched to breaking point under pandemic property boom

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FTB affordability stretched to breaking point under pandemic property boom

Analysis of first-time buyer house prices has found that due to the effects the pandemic has had on the market, those attempting to get their first foot on the ladder today are much worse off.

Research by Stipendium found that across Great Britain, the average first-time buyer paid £195,267 prior to the pandemic. Today this has climbed to £228,627, a 17% increase meaning they are now paying £33,000 more. To continue reading, please click here.

Source: Property Reporter

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