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This 642-word blog post reports on findings from the latest research by Halifax. The article discusses the increase in the average purchase price for first-time buyers as well the growth in the housing market.
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Even if you’ve only just started thinking about buying your first house, you will know that it’s going to be expensive.
The cost challenges facing first-time buyers increased significantly in the past year.
The average purchase price increased by 9%, while the average deposit increased by 7%. That’s according to the latest research by Halifax.
First-time buyers paid an average price of £231,455 in 2019, up by £18,252 (9%) from a year earlier, when it stood at £213,203.
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