Here are average first-time buyer house prices in 2023, followed by average first-time buyer house prices in 2024 and average deposits in 2023 followed by 2024, according to Halifax:.
Matt Thompson, head of sales at London-based estate agent Chestertons, said: “In December 2024 as well as the beginning of this year, the property market saw particularly high demand from first-time buyers who were motivated to beat April’s stamp duty deadline.
Amanda Bryden, head of mortgages at Halifax said: “Last year saw a big increase in the number of first-time buyers, up almost a fifth from 2023.
Here are the least affordable UK local authority areas for first-time buyers, according to Halifax, with the average house price-to-earnings ratio:.
Here are the most affordable UK local authority areas for first-time buyers, according to Halifax, with the average house price-to-earnings ratio:.
