‘Affordable’ Housing Scheme Price Just 4% Lower Than Average

The average price paid for properties purchased under the various affordable housing schemes in Britain is £189,786, just 4 per cent lower than the £197,535 average for house purchases, according to the Halifax. Regionally, the highest average price paid by purchasers using affordable housing schemes is in London (£323,148), while the lowest is in the north (£147,437). First-time buyers remain the biggest beneficiaries of Help to Buy, accounting for 80 per cent of purchases over the last year - significantly higher than the 46 per cent of all mortgage financed home purchases made by first-time buyers over the same period. The average price paid by first-time buyers using the scheme is now £150,3611 - 10 per cent lower than the average price paid by first-time buyers for all housing. Read more on the FTAdviser website.