First-time buyers in the UK are facing record high prices as the housing market recovers from the COVID-19 pandemic and increased borrowing costs following last year’s mini-budget fiasco.
The average price tag on first-time buyer homes—houses and flats with a maximum of two bedrooms—hit a record high of £224,963 ($279,830) in April after edging up by 0.2 percent month-on-month, according to property website Rightmove.
