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Wales Online
Wales Online
National
Neil Shaw

Average price of a first-time buyer home reaches record high

The average price tag on a first-time buyer home hit a record high of £224,963 in April after edging up by 0.2% month-on-month, according to a property website.

Rightmove, which released the findings, defined typical first-time buyer homes as those with a maximum of two bedrooms, including houses and flats.

It said that agreed sales in the first-time buyer sector in March had been running around 4% higher than those seen four years earlier, in March 2019, while sales of homes higher up the housing chain were still lagging behind levels seen four years ago.

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