"The average house price for a first time buyer in the UK in 2020 is £265,668, according to the HM Land Registry. "I think you need to factor in that people trying to get on the housing ladder buy at the bottom, not the middle of the ladder. It may be the average but the cheapest in any given area will be a lot less.
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Obviously it varies region to region but if were talking differences between decades and generations, you have to go with averages.
But what it also proves is that if you're not somewhere regionally prosperous, you're probably struggling to be a first time buyer. That price would be lower if loads of folks were first time buying fixer-uppers in economically deprived areas where properties are indeed far more affordable.