Average Property Prices For UK First-Time Buyers

First-time buyers in the UK have few options now because of market conditions…

Average Property Prices For UK First-Time Buyers

Supply is historically low, with major regional variances impacting mortgage affordability.

In August of this year, the average asking price for a two-bedroom (or fewer) house declined marginally to £224,091.

However, the variation in the average asking price is now huge for a first-time buyer:

📍 London — £501,384

📍 South East — £296,817

📍 East Midlands — £191,685

📍 Wales — £177,027

📍 North West — £165,929

📍 North East — £129,903

Data: Rightmove