First-time home buyers paying pay £33k more than before COVID

A new analysis of first-time buyer house prices looked at the cost of purchasing a first home before the start of the pandemic in December 2019 and how it has changed. The research shows that across Britain, the average first-time buyer paid £195,267 prior to the pandemic. Today this has climbed 17% to £228,627, meaning they are now paying £33,000 more, according to the data from Stipendium. First-time buyers in Wales have seen the largest percentage increase at 22%, while in London it stands at 8%, the lowest in the country. In Kensington and Chelsea, first-time buyers have seen the largest monetary increase, at £118,559. 

City AM (26/04/2022)