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Price tags on first-time buyer homes in north-west England ‘rising fastest’ 10/02/2021, 12:03 am
Sellers in the North West who are looking to trade up could be in a strong position (PA)
Price tags on first-time buyer homes in the north-west of England are increasing at a faster rate than in any other nation or region in Britain, analysis has found.
At £144,453, the average asking price for a first-time buyer home in the north-west of England is 8.6% higher than it was 12 months earlier, Rightmove found.
This was the biggest annual percentage increase in its study across Britain.
While this is a blow for first-time buyers, it may give a boost to “second steppers” – those who are currently living in the first home they have ever bought and are now looking to trade up – as the value of their current property may have significantly increased.
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