The latest research from Halifax has shown that there were approximately 12% more first time buyers in 2012, an increase of 193,000 since 2011. This is the largest annual total since 2007.
Halifax’s research further detailed that the average price paid by the typical first time buyer in November 2012 was affordable based on the average UK wage.
The typical property price paid by a first time buyer last year was £139,921 showing a 3% increase on 2011. The Telegraph recently reported that approximately 38% of homes purchased by first time buyers cost between £125,000 and £250,000.
Other statistics showed that the average age of a first time buyer is now 30, an increase of one year from 2011 and that the average price paid by a first time buyer is highest in London, over 2.5 times that paid in the North.
www.jonathanbraddick.co.uk
www.architectdevon.comwww.flatsdevon.com
Aliston House - Luxury, Bespoke, Architect designed Flats for Sale in Exmouth, Devon.
