It now takes an average of 11 years for single people in the U.K. to save for a home. New data from Hamptons reveals that first-time buyers need more than a decade to build a mortgage deposit, while couples can do so in about five years. Getting on the property ladder is especially tough in London, where solo buyers need over 14 years to save for a deposit, compared to just four years for couples in the North East or Scotland. Rising rents, high house prices, and high interest rates have made saving even harder for young people, many of whom are relying on family support to buy their first home. (iNews)
📊 YPulse data: 88% of British 13-39-year-olds say owning a home is an important goal and aspiration for them personally
