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.
Recent posts
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Best UK Mortgage Rates this Week
Yesterday
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Leaseholders to be given extra protection
15 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
New first-time buyer scheme announced by Burnham
17 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
20 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Flats 40% cheaper to buy than houses
27 days ago
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
9 Sep 2026
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
AI-altered images put off over half of buyers
24 Aug 2026
According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.
More information
Trusted by
