The most and least expensive regions for FTBs revealed

The most and least expensive regions for FTBs revealed

Unsurprisingly, the latest data on regional price differences for those taking their first steps onto the property ladder has shown that London remains the priciest location for first-time buyers.

According to Your Move and Reeds Rains, the average value of a first-time buyer property in the capital climbed to £343,614 in the three months to November 2015. The South East is the second-most expensive, with average FTB house prices there hitting £214,359 over the same period.


Average Purchase Price

Average deposit

Average mortgage

Number of FTBs*






South East





East of England










South West





West Midlands





East Midlands





North West





Yorkshire & Humber















North East





Northern Ireland





Conversely, the North East and Northern Ireland rank as the least expensive regions for first-time buyer properties. Average first-time buyer property values stand at £108,419 in the North East and £92,638 in Northern Ireland.

Nationally, the average price for a first home stood at £156,226 in the three months to November 2015.

On average, Londoners put down by far the largest deposit of any region in the three months to November 2015, paying out £83,025 – more than five times the size of the average first-time buyer deposit in Northern Ireland (£15,556). The second-largest deposits are paid by first-time buyers in the East of England. Buyers there paid an average of £47,960 to secure their first home in the three months to November 2015, which equated to almost double the national average (£24,614).

Director of estate agents Your Move and Reeds Rains, Adrian Gill, said: “The end of 2015 sees the south eastern corner of the UK remain dominant when it comes to property prices. The cultural, financial and political prowess of the capital – and its surrounding neighbourhoods in the South East – has proved to be an enduring lure for aspirational professionals and successful families. But that’s not the whole story. Home values in the East of England and the Midlands have also performed strongly due to a combination of investor interest in the buy-to-let market in those areas and buyers, particularly older ones, seeking a quieter environment, away from the hum-drum of the capital. For first time buyers, all of these factors make buying in and around London particularly tough – and explains the comparative strength of first time buyers in northern England, Northern Ireland and other parts of the country.”

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Northerner 20 Oct 2016

Any views from outside the M25? No wonder politicians can't get the housing big picture when everyone seems to think that London is the yard stick, when it absolutely is not.

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Sean Lees
Sean Lees 13 Oct 2016

I think that the pest control really depends on the situation. If the tenant moved in and found an infestation that needs pest treatment service, I think it's more reasonable that the landlord should pay...

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Kevin 13 Oct 2016

Please Sian Berry Dan Wilson Craw LANDLORDS DO NOT WANT TO RAISE RENTS They are being forced to because of Section 24! An unfair, punitive tax hike that will be a disaster Green Party, Generstion...

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Fletcher88 11 Oct 2016

Absolutely agree! Moreover property prices edged up with 0.7% this month as the market recovered from the initial Brexit hit

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Gary Das
Gary Das 06 Oct 2016

A lot of lenders (especially the high-street banks and lenders people approach first) could do more to accommodate for the self-employed. It can really be a struggle, as I found out myself last year when...

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richardrawlings 04 Oct 2016

Not sure I understand this! If Basildon and Hemel rose 68% and 52% respectively, why do they not appear in the top ten list, which appears only to feature those in the minus 20's!! Is it me?

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luxus 27 Sep 2016

It can be stressful. More clarity is needed on the process, from a customer perspective and consideration should be given to using the Scandinavian model where the sales process is much quicker.

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Melissa_Green 26 Sep 2016

Green belts are normally designated around capitals and other major cities and conurbations and their aim is to prevent urban sprawl by keeping land permanently open. The essential characteristics of green...

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Jimmy_McCoy 16 Sep 2016

I think that the main reason to buy garden purchases in last minute is because people always search for the best deal. In summer months there are abundance of seasonal goods and it means more low cost

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Jimmy_McCoy 16 Sep 2016

Buying a home often is more expensive than you expect. There are lots of hidden costs such as: stamp duty, surveys and valuations, mortgages etc. that can add more than 10% to the total bill

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Homebuyerconveyancing 15 Sep 2016

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