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House price surge as average home tops £200,000 in 70% of England and Wales
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mirror.co.ukFewer than a third of electoral wards across England and Wales have an average house price below £200,000, analysis has found.
This makes life tougher for first-time buyers, as the average price of a first home is only slightly below the £200,000 mark, according to estate agent Savills, which carried out the research.
Ten years ago, more than half (53%) of electoral wards across England and Wales had an average house price below £200,000, according to the findings.
The percentage has now fallen to 29%, down from 44% five years ago. Savills produced the findings by analysing Office for National Statistics (ONS) local house price data.
Read more on mirror.co.uk
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