The average house price in Bolton for first-time buyers has risen by more than a third over the past five years, new figures show. It comes as property website Rightmove said the typical mortgage payment for first-time buyers has increased by £400 a month and called on the next government to support those buying their first home. The latest figures from the Land Registry's house price index show first-time buyers in Bolton were paying an average of £159,400 for a house in April.
It was up 42 per cent from an average of £112,100 five years earlier. Overall house prices in Bolton have also jumped 42 per cent over five years, reaching £190,300 in April 2024. The most recent Land Registry figures also show a significant drop in housing sales compared to five years prior, with over 26,600 sales across Great Britain in February this year compared to 66,000 the same month in 2019.
In Bolton, there were 99 sales in February this year – down from 285 five years earlier. Read more top stories here: Bolton house prices increased slightly in April, figures show Bolton at Home properties now up for sale by auction Wingates Industrial East works to prioritise 'local jobs' Andrew Cardwell, managing director at Cardwells Estate Agents said: “First time buyers, along with every buyer who needs to borrow money to purchase a property, or has needed to remortgage, has suffered due to the higher levels of interest rates over the last couple of years. “These high rates are one of the mai.
