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Latest from First Time Buyers
First-time buyer survey region-by-region
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First-time buyer survey region-by-region
The price of an average first-time property rose from £52,674 to £159,494 between 1997 and 2007, according to the charity Shelter.
How did you region fare? Find out more details from the survey for your region below.
|
EAST MIDLANDS |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£44,342 |
£82,326 |
£124,019 |
| House price to income ratio |
1.58 |
2.25 |
2.9 |
| Average monthly repayment |
£253.22 |
£398.29 |
£643.73 |
| Average repayment as % of average income |
10.8% |
13% |
18.1% |
|
SOUTH EAST |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£64,234 |
£142,749 |
£188,811 |
| House price to income ratio |
1.84 |
3.26 |
3.41 |
| Average monthly repayment |
£376.37 |
£690.62 |
£980.04 |
| Average repayment as % of average income |
12.9% |
19% |
21.2% |
|
EAST |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£57,115 |
£121,326 |
£169,285 |
| House price to income ratio |
1.84 |
3.03 |
3.55 |
| Average monthly repayment |
£332.30 |
£586.98 |
£878.69 |
| Average repayment as % of average income |
12.8% |
17.6% |
22.1% |
|
YORKSHIRE AND THE HUMBER |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£43,021 |
£69,096 |
£119,722 |
| House price to income ratio |
1.53 |
2.07 |
2.99 |
| Average monthly repayment |
£245.04 |
£334.29 |
£621.43 |
| Average repayment as % of average income |
10.4% |
12% |
18.6% |
|
WEST MIDLANDS |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£46,306 |
£84,862 |
£129,726 |
| House price to income ratio |
1.60 |
2.41 |
2.84 |
| Average monthly repayment |
£265.38 |
£410.56 |
£673.36 |
| Average repayment as % of average income |
11% |
14% |
17.7% |
|
SOUTH WEST |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£53,211 |
£115,634 |
£163,377 |
| House price to income ratio |
1.89 |
3.23 |
3.68 |
| Average monthly repayment |
£308.13 |
£559.44 |
£848.02 |
| Average repayment as % of average income |
13.1% |
18.7% |
22.9% |
|
LONDON |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£73,962 |
£169,975 |
£258,756 |
| House price to income ratio |
1.98 |
3.27 |
4.30 |
| Average monthly repayment |
£436.60 |
£822.34 |
£1,343.10 |
| Average repayment as % of average income |
14% |
19% |
26.8% |
|
NORTH EAST |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£36,628 |
£58,916 |
£107,448 |
| House price to income ratio |
1.31 |
1.71 |
2.79 |
| Average monthly repayment |
£205.46 |
£285.04 |
£557.72 |
| Average repayment as % of average income |
8.8% |
9.9% |
17.4% |
|
NORTH WEST |
1997 |
2002 |
2007 |
| Average first time buyer house price |
£44,741 |
£73,363 |
£120,677 |
| House price to income ratio |
1.55 |
2.12 |
2.98 |
| Average monthly repayment |
£255.69 |
£354.93 |
£626.39 |
| Average repayment as % of average income |
10.6% |
12.3% |
18.6% |
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