9 Mar 2026
Prices set to rise for first-time buyer houses by 2030
Analysis from the Office for Budget Responsibility (OBR) shows that those looking to buy their first home could face paying £40,000 more by 2030 if house prices follow the latest predictions, as Coventry Building Society suggests.
Calculations show that the average first-time buyer house in England will have increased from £244,799 to £284,946; an increase of £40,147. Unsurprisingly, in London, this is even more noticeable with a first-time buyer property costing £77,162 more.
Here is a table of the predictions by region:
| Area | Average FTB House Price 2026 | Average FTB House Price 2030-31 |
| London | £470,503 | £547,665 |
| South East | £233,445 | £348,554 |
| East of England | £278,836 | £324,565 |
| South West | £248,656 | £289,436 |
| West Midlands | £208,991 | £243,266 |
| East Midlands | £208,436 | £242,620 |
| North West | £189,056 | £220,061 |
| Yorkshire & The Humber | £180,597 | £210,215 |
| North East | £144,674 | £168,401 |
| England | £244,799 | £284,946 |
| Scotland | £156,662 | £182,355 |
| Wales | £184,934 | £215,263 |
Source: Coventry Building Society
A stable increase in house prices may be welcome news for current homeowners; however, it can make it more difficult for those wanting to get onto the property ladder.
If you are a first-time buyer looking to purchase your first home, seek advice from a mortgage adviser who can assess your situation and offer advice on how this can be achieved.
Call the Mortgage Required team on: 01628 507477.
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