If you put away £100 a month, it'll take you over 60 years to save for the average solo buyer deposit 🥲
Analysis from property experts has revealed that the average solo first-time buyer will need to raise a deposit of almost £75,000 to get on the ladder.
If you’re buying on your own and can only afford to save £100 a month towards a deposit, it would take you 62 years to save what you need. Compared to 10 years ago, this is an increase of 112%. Back then, a person buying on their own on the average salary would have needed £35,053 as a downpayment.
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