Average first home price varies by £150k across UK

The figures also show that the average prices for first time buyers are lower in most areas than previous years. In the South East the prices are £16,500 lower than in 2007, whereas in London the difference is just £5403.

Steve Reid, Retail Director for Clydesdale Bank and Yorkshire Banks, said: "House prices vary significantly throughout the UK and these figures indicate that in some areas there is more than £16,000 difference in the cost of a first home compared to prices in 2007."

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