The stamp duty holiday has increased the price of
first-time buyer homes by an average of 11.7% in England in the last year, and
by as much as 31.5% in some areas of the country, according to research from
GetAgent. The average price of a first-time buyer home in July 2020, just
before the holiday was introduced, was £212,166. However, the latest figures
show the average first-time buyer home now costs £236,982, an increase of
£24,816 or 11.7%. On a broad regional level, the North West has seen the
largest increase, with the average first-time buyer now paying £168,820 - a
16.9% jump since July of last year. Read more on the Financial Reporter
website.
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