Across Britain as a whole, the current average price paid by a first time buyer is £193,701. That’s 28 per cent cheaper than the average £268,119 paid by existing homeowners.
Having analysed data from the Land Registry, estate agent comparison site GetAgent discovered South Bucks is the best area for FTBs to get a really good deal in relation to what existing homeowners in the area pay when they move on. They’re a long way from being the poor relations.
Those new to homeownership in Bucks have a valuable piece of real estate.
First time buyers in Buckinghamshire are typically paying £392,277 to buy their first home compared with £688,749 which is the current average those already on the property ladder pay to move up a rung or two in Bucks.
Colby Short, CEO of GetAgent, says the results place the county at the top of the league for affordability when first time buyers look for a good area in which to invest.
“First time buyer value isn’t just about the overall price of a home, It’s also how relatively affordable it is when compared to the wider area and while a £400,000 home may seem steep, in places such as South Bucks it represents value.”
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