Young 'Face Decades Of Saving To Buy Homes'

Average First-Time Buyer Deposits

Updated: 1:24am UK, Wednesday 19 June 2013

A regional breakdown of how long it would take average first-time buyers to save for a deposit in their local area:

NORTH EAST

:: Average first-time buyer house price: £74,981

:: Average first-time buyer deposit: £14,996

:: Years for a couple to save average deposit: 4.5

:: Years for a couple with a child to save average deposit: 8.8

:: Years for a single person to save a deposit: 9.3

NORTH WEST

:: Average first-time buyer house price: £81,193

:: Average first-time buyer deposit: £16,239

:: Years for a couple to save average deposit: 4.5

:: Years for a couple with a child to save average deposit: 8.5

:: Years for a single person to save a deposit: 9.8

YORKSHIRE & THE HUMBER

:: Average first-time buyer house price: £87,599

:: Average first-time buyer deposit: £17,520

:: Years for a couple to save average deposit: 4.5

:: Years for a couple with a child to save average deposit: 8.8

:: Years for a single person to save a deposit: 10

EAST MIDLANDS

:: Average first-time buyer house price: £91,985

:: Average first-time buyer deposit: £18,397

:: Years for a couple to save average deposit: 4.8

:: Years for a couple with a child to save average deposit: 8.8

:: Years for a single person to save a deposit: 10.5

WEST MIDLANDS

:: Average first-time buyer house price: £85,167

:: Average first-time buyer deposit: £17,033

:: Years for a couple to save average deposit: 5

:: Years for a couple with a child to save average deposit: 9.8

:: Years for a single person to save a deposit: 10.3

EAST

:: Average first-time buyer house price: £129,986

:: Average first-time buyer deposit: £25,997

:: Years for a couple to save average deposit: 6

:: Years for a couple with a child to save average deposit: 11.8

:: Years for a single person to save a deposit: 13

LONDON

:: Average first-time buyer house price: £278,417

:: Average first-time buyer deposit: £55,683

:: Years for a couple to save average deposit: 10.8

:: Years for a couple with a child to save average deposit: 20.5

:: Years for a single person to save a deposit: 29.5

SOUTH EAST

:: Average first-time buyer house price: £158,319

:: Average first-time buyer deposit: £31,664

:: Years for a couple to save average deposit: 7

:: Years for a couple with a child to save average deposit: 13

:: Years for a single person to save a deposit: 15.3

SOUTH WEST

:: Average first-time buyer house price: £127,753

:: Average first-time buyer deposit: £25,551

:: Years for a couple to save average deposit: 7

:: Years for a couple with a child to save average deposit: 13.3

:: Years for a single person to save a deposit: 15

ENGLAND

:: Average first-time buyer house price: £139,920

:: Average first-time buyer deposit: £27,984

:: Years for a couple to save average deposit: 6.5

:: Years for a couple with a child to save average deposit: 11.8

:: Years for a single person to save a deposit: 14.3

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