First-time buyers pay £22,000 more than last year Typical - TopicsExpress

First-time buyers pay £22,000 more than last year Typical prices paid by first-time buyers in the UK increase by 12 per cent in a year, amid strong rises across the country First-time buyers are having to find £22,000 more for their homes than they needed a year ago, according to official figures. The Office for National Statistics (ONS) said the average price paid by people buying their first property reached £204,000 in June - up from £182,000 in 2013. The rise came amid a 10 per cent increase in the typical value of a home in the UK, which is now a record £265,000. The monthly figures for June, released on Tuesday, show that property values in London are increasing at more than five times the rate of those in some other parts of the country. telegraph.co.uk/property/propertynews/11043403/First-time-buyers-pay-22000-more-than-last-year.html

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