First-time buyers in the capital pay £500k on average

Figures from UK Finance show the average price for a first-time home buyer in London has reached £499,937, raising concerns that homeownership in the capital is increasingly reliant on family financial support. While prices have risen modestly over the past five years, London remains by far the most expensive region to get on the housing ladder, with the southeast averaging £329,262 and the UK as a whole £267,154. The average first-time buyer in London earns £100,802 and takes out a mortgage of £362,170, leaving a typical deposit of around £138,000, suggesting many rely on parental assistance or living at home to save. 

The Times (19/11/2025)