FTB affordability stretched to breaking point under pandemic property boom

FTB affordability stretched to breaking point under pandemic property boom

Analysis of first-time buyer house prices has found that due to the effects the pandemic has had on the market, those attempting to get their first foot on the ladder today are much worse off.

Research by Stipendium found that across Great Britain, the average first-time buyer paid £195,267 prior to the pandemic. Today this has climbed to £228,627, a 17% increase meaning they are now paying £33,000 more. To continue reading, please click here.
Source: Property Reporter


Get in touch with us

For tenants, April is a useful point to pause and plan. With rents still rising across the UK and the first phase of rental reform approaching in England, this is a good time to review your budget, renewal options and next move.

An attractive modern two-bedroom semi-detached house enjoying a pleasant convenient central town location, featuring a conservatory, an attractive rear garden with artificial grass, and a garage. Perfect for first-time buyers or those seeking convenience with amenities nearby and no onward chain.

What this really shows is not house prices, but pressure. Affordability is about monthly cost, which varies across the UK. In London and the South, first-time buyers can spend over half their income on housing, while elsewhere it is far lower. To learn more please read on..

With more homes competing for attention in Attleborough, pricing has never mattered more. Many sellers face the decision of adjusting their asking price, but what do the numbers really say about price reductions and success rates? The data reveals a clear pattern. To learn more, please read on.