First-time buyers are paying nearly eight per cent over the asking price to secure their first home, according to new data from estate agents Yopa who compared average asking prices to average sold prices for first-time buyer properties.
The average asking price for a first-time buyer home in the UK is £227,570, according to Rightmove, while the UK House Price Index shows the average price that a first-time buyer home actually sells for is £245,208 — 7.8 per cent higher on average than the original asking price.
