The Admiral, built by Holystone Homes, won the Best Starter Home
As a result, a starter home
is at the top end of the scale at PS191,570, and a top-of-therange property can be bought for about PS369,801.
continue to make up the smallest share of available inventory, however the share of both starter and trade-up homes has grown since this time last year, up 0.4 and 0.9 percentage points respectively.
A starter home
in the city centre's historic Georgian Quarter could cost an average of [pounds sterling]90,020, or [pounds sterling]490 a month, with a family home in the area costing [pounds sterling]148,170.
The plan was first announced in December, 2014, and the Tory election manifesto, in 2015, promised to build 200,000 starter homes
by 2020 for sale at a discount to firsttime buyers under 40.
"On the sell-side you should do very well, given the huge demand for starter homes
in coveted areas.
Its figures showed there were 12% more first-time buyers in the market in the first half of this year than a year earlier, meaning some second steppers might have found it easier to sell their starter home
, with more potential buyers in the market.
Kathy Cummings, homeownership solutions and education executive for Bank of America, said in an interview with Mortgage Banking that a couple of the findings came as a little bit of a surprise--for example, the finding that some first-time buyers were interested in skipping the starter home
and willing to wait longer if it meant they could get the home they really wanted for the long term.
A typical first-time buyer faces paying 3.8% more than they would have done a year earlier, with the average price paid for a starter home
now at PS215,000.
The showhome is a Barwick three-bedroom terraced house, filled with the latest colours and contemporary furnishings, which Barratt says would make an ideal starter home
FORMULA One racing boss Bernie Ecclestone has splashed out on a starter home
for his 22-year-old daughter, Petra.