Wokingham has been ranked in the top ten locations for first-time property purchases outside London in new analysis from property portal Rightmove.
The town is ranked in ninth place, with a first time buyer is paying an average of £332,806 according to the website, a decline of 1% year-on-year.
Top of the ranking is St Albans in Hertfordshire, ahead of Epsom and Oxford, with buyers paying a whopping £401,352, while Bridlington in East Yorkshire is noted as being the cheapest location, with a figure of £167,321 – although that’s an 18% rise in the last twelve months.
The average asking price for a typical first-time buyer home in Great Britain is £228,048, down 0.7% year-on-year.
Colleen Babcock, Rightmove’s property expert said: “Affordability continues to shape where first-time buyers are looking, and we’re seeing the strongest price growth in areas where homes remain within reach for more people.
“Lower-cost locations are still seeing strong interest, with competition for homes helping to hold prices up.
“In more expensive markets, tenants are taking a bit more time, and thinking more carefully about what they can afford, which is keeping growth relatively flat.”
