Friday, Aug 25, 2006
First time buyers out of the ball park
Home.co.uk News: First-time buyer needs over £29,000 savings
The average first-time buyer must now save three quarters of their income to get a foot on the property ladder, new research has claimed.
In its first accessibility index the Royal Institution of Chartered Surveyors found a first-time-buyer couple must save 74% of their take-home pay to find the £29,200 needed to meet the upfront costs on a typical home, including the deposit and stamp duty.
Anyone surprised?
Posted by tinecu @ 11:29 AM (159 views) Add Comment
1 Comment
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1. inbreda said...
Which compares well to the £30,000 of debt that they actually have.