With just about everything rising in price at the moment it is no surprise that house prices reached an all-time high earlier this week. The average price of a home in the UK has now surpassed £350,000 for the first time, according to Rightmove.
In what has been a 'seller's market' for quite some time now, this increased figure is great news for homeowners who are planning to sell up this year. But on the other hand, it puts additional pressure on house hunters looking to buy, particularly first-time buyers who are trying to secure their first home.
Those looking to get on the property ladder are now facing a much bigger chance of being priced out of the market, as homes become even more affordable and you are likely to get much less value for money.
