Friday, December 29, 2006

First time buyers nearly extinct

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 (597 views)
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4 thoughts on “First time buyers nearly extinct

  • 150K will currently buy you a studio flat in west london.

    Just for reference.

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  • 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.

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  • 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.

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  • 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.

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