The average house price in Worcestershire for first-time buyers has risen by a fifth over the past five years, new figures show.
It comes as property website Rightmove said the typical mortgage payment for first-time buyers has increased by £400 a month and called on the next government to support those buying their first home.
The latest figures from the Land Registry's house price index show first-time buyers in Worcestershire were paying an average of £231,200 for a house in April.
It was up 21 per cent from an average of £191,500 five years earlier.
Overall house prices in Worcestershire have also jumped 21 per cent over five years, reaching £289,100 in April 2024.
Mr Bannister added: "As rates have increased over the last five years, the amount that a typical first-time buyer is paying each month on a mortgage has outstripped the pace of earning growth.
"Some first-time buyers are looking at extending their mortgage terms to 30 or 35 years to lower monthly payments, or looking at cheaper homes for sale so that they need to borrow less.
"We hope that the next government can support first-time buyers with well thought out policies, which address the difficulties of saving up a large enough deposit and being able to borrow enough from a lender."
Propertymark, a membership organisation for estate agents, also said surging interest rates and inflation have impacted the housing market "with force".
Nathan Emerson, the chief executive, added the organisation is keen to see targeted support for first-time buyers at the first opportunity from any incoming government.
He said: "The potential of home ownership should never be a prospect that is ever out of reach for people.
"As inflation is now back within the range initially targeted, we are optimistic to see the base rate cut as soon as realistically possible, which would be very welcome news for people stepping onto the housing ladder when it does happen."
The most recent Land Registry figures also show a significant drop in housing sales compared to five years prior, with over 26,600 sales across Great Britain in February this year compared to 66,000 the same month in 2019.
In Worcestershire, there were 219 sales in February this year – down from 664 five years earlier.
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