In England and Wales, average single first-time purchaser would need just over 10 years A typical single first-time buyer in London will have to save for 17 years - until 2035 - to raise enough cash for a 15% deposit on a home. That is up from the 15 years recorded in both 2008 and 2013, despite steep house price falls in parts of London since the Brexit vote two years ago.
Single first-time buyer in London needs 17 years to find 15% deposit - report
The Guardian - 25 Jun 2018 01:01
In England and Wales, average single first-time purchaser would need just over 10 years A typical single first-time buyer in London will have to save for 17 years - until 2035 - to raise enough cash for a 15% deposit on a home. That is up from the 15 years recorded in both 2008 and 2013, despite steep house price falls in parts of London since the Brexit vote two years ago.
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