First-time buyers feel the rise in property prices

First-time buyers have seen a 21% jump in property prices over the last 10 years, with the average price climbing from £172,659 in 2008 to £208,741, according to the Halifax. The increase is more than double the 10% rise for all buyer types. The Halifax data also shows the average age of the first-time buyer has crept up to 31 - but first-time buyers also now make up 51% of market. Separate Halifax data shows that prices in Greater London are more than double the national average. Per square metre prices are £5,131 compared to £2,342 in the rest of the country.

Daily Mirror (17/08/2018)   The Times (17/08/2018)   Daily Mail (17/08/2018)