Friday, May 20, 2011
News of buyer’s strike finally makes The Daily Mail
British first-time buyers fear they won't get on the property ladder until they are 40 - and a third have given up trying
"Britons do not think they will be able to afford to buy their first home until they are nearly 40 while nearly one third have given up trying to get on the property ladder. And new research shows that first-time buyers are also putting down average deposits of 23 per cent of their home's value, meaning someone buying a Â£160,000 property would have to save Â£36,800 for a deposit. The average person who does not yet own a home expects to have to wait until they are 38 before they can afford to buy, with that figure rising to 43 in London..."