Zoopla Real Estate Prices: Salary Needed to Buy Property in Berks

According to Zoopla, first-time buyers are eager to move up the property ladder with record demand in 2022.

The increase in the number of homes coming on the market is good news for first-time buyers, as it means they will have more choices.

But estate agents say they are still “unable to find enough homes to meet demand”.

READ THIS: 21 signs you know you’re from Bracknell in Berkshire

Nicky Stevenson, chief executive of estate agent group Fine & Country, said: “While monetary policy will tighten in 2022, this is unlikely to have a significant dampening effect on the housing market anytime soon, most agents across the country still unable to find enough accommodation to meet demand.

Demand soared at the start of the new year, with buyers up 49% from the three-year average.

Clearly, more and more people are making the decision to move up the property ladder.

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But many are struggling to afford to buy homes as annual house price growth fell to 11.2% in January 2022 from 10.4% in December 2021, the Nationwide Building Society said.

Reading chronicle:

Reading

Average house price for first-time buyers (FTB): £270,000

Household income needed: £52,800

Most Common Property for FTBs: Two Bedroom Apartment

Reading chronicle:

Bracknell

Average house price for first time buyers (FTB): £325,000

Household income needed: £66,600

Most Common Property for FTBs: Three Beds

Reading chronicle:

Wokingham

Average house price for first time buyers (FTB): £350,000

Household income needed: £72,800

Most Common Property for FTBs: Three Bed Semi

Reading chronicle:

West Berkshire

Average house price for first time buyers (FTB): £300,000

Household income needed: £60,200

Most Common FTB Property: Three Bedroom Adjoining

Reading chronicle:

Quagmire

Average house price for first time buyers (FTB): £350,000

Household income needed: £72,800

Most common property for FTB: Three adjoining bedrooms

Reading chronicle:

Windsor and Maidenhead

Average house price for first time buyers (FTB): £385,000

Household income needed: £81,600

Most Common Property for FTBs: Two Bedroom Apartment

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