Figures from Hamptons International show that single, first time buyers could take up to 10 years and 3 months to save for a 15% deposit on their first home. The time it took to save for a deposit, in London, based on figures from 2008 to 2018, showed an increase of 21 months. In the South East, this increased by 18 months. Encouragingly, for first time buyers in the Midlands and the North East, the time required to save for a deposit fell by a year. Hamptons International’s findings can be seen here.

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