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 (523 views)
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1 Comment

1. inbreda said...

Which compares well to the 30,000 of debt that they actually have.

Saturday, August 26, 2006 12:05PM Report Comment
 

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