Buying a home means saving for a deposit for 31 YEARS... but in 1993 it only took eight | Mail Online
Millions of families will have to save for more than 30 years to raise the deposit required to get on to the property ladder, a study reveals today.
The report highlights the crippling impact of high property prices and the demand for large deposits on cash-strapped families.
In 1993, a typical family had to save for eight years to raise a deposit for a mortgage to buy a house. Now they have to save for 31 years
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