9 Mar 2026
Prices set to rise for first-time buyers 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
According to Zoopla, four in 10 homes are now cheaper to buy with a mortgage than to rent due to lower-cost mortgages - a sign that ownership is becoming more affordable.
Best UK Mortgage Rates this Week
4 days ago
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.
World Sleep Day Tips
9 days ago
There are many people who struggle with getting a good night’s sleep. Having poor sleep hygiene can be the reason for bad sleep quality in adults. Sleep hygiene refers to habits that can help you sleep better.
Here we have shared some tips to create a healthier sleep.
What you need to know about remortgaging
11 days ago
If your current fixed rate is due to come to an end within the next six months, you will want to start thinking about the options available to you.
Nationwide is the first lender to allow mortgage deeds to be signed electronically and without the need for a witness.
‘My First Mortgage’ from major high-street lender Santander is specifically for those wanting to buy their first property. It allows first-time buyers to purchase 98% of the property’s value. However, certain criteria must be met to be eligible.
Maidenhead, Berkshire – 26th January 2026 – Dedicated independent mortgage experts, Mortgage Required, are delighted to have acquired fellow experienced brokerage, Y-Not Finance.
The acquisition connects two well-respected brokerages, both with a wealth of experience and shared values, to continue providing the best advice on all aspects of the mortgage market.
As part of the UK government’s plans to change the leasehold system to help families struggling with unaffordable ground rent costs.
The Prime Minister announced this morning (27 January) that ground rents will be capped at £250 per year, reverting to a peppercorn rate after 40 years.
More information
Trusted by
