Friday, Dec 29, 2006
First time buyers nearly extinct
Firstrung: Average price paid by a first time buyer now above £150,000
New Halifax research shows that the average house price paid by a first time buyer (FTB) pushed through the £150,000 barrier for the first time in 2006. The average price increased by 11% in 2006 to £151,565 from £137,122 in 2005. Over the past five years the average house price paid by a FTB has almost doubled, rising by 95% from £77,914 in 2001.
Posted by converted lurker @ 03:48 PM (28 views) Add Comment
4 Comments
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1. paul said...
150K will currently buy you a studio flat in west london.
Just for reference.
2. Rimmer said...
Paul
Not sure what part of West London your in, around the west London outskirts thats true,more urban you need 200 - 250K for flats.
3. Nohpc said...
150k will certainly not buy you a studio flat in west london. At least 200 k. 189 k for a studio flat in my development and for 300000 you get a huge 2 bedroom with balcony and about quadruple the space. Studios are mega expensive.
4. talking rot said...
There's a Ford Fiesta near me for sale: 120,000 miles, many careless owners, and long MOT of 2 weeks. Sale price now £50,000. Lots of people trying to buy it before all rust-heaps are too expensive to buy. There's apparently a shortage of cars.