UK: First-time buyers 'priced out of rural area'

Homes in the country cost 15% more than properties in urban areas, pricing many first-time buyers out of the market, figures showed today.

The average cost of a home in a rural area of Great Britain is £235,324 (€297,710), compared with around £204,290 (€258,448) in towns and cities, according to Halifax Estate Agents.