A place in the country?

Most and least expensive market towns for first-time buyers revealed

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With their charm, convenience and community spirit, market towns will set first-time buyers back £280,582 on average, analysis by a major bank indicates.

The typical amount paid by first-time buyers for a home in a market town has increased by 2% annually and by 26% since 2020, according to Lloyds, which used data from Halifax, part of the same banking group.

Leek in Staffordshire in the West Midlands was identified as the most affordable market town for first-time buyers in the study, with an average property price of £191,359.

Six of the 10 most affordable market towns for first-time buyers in the study are located in the Midlands.