{"id":138184,"date":"2023-07-03T23:46:29","date_gmt":"2023-07-03T16:46:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-homebuyers-now-need-nearly-10-years-to-save-a-deposit-research-finds\/"},"modified":"2023-07-03T23:48:58","modified_gmt":"2023-07-03T16:48:58","slug":"first-time-homebuyers-now-need-nearly-10-years-to-save-a-deposit-research-finds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-homebuyers-now-need-nearly-10-years-to-save-a-deposit-research-finds\/","title":{"rendered":"First-time homebuyers now need nearly 10 years to save a deposit, research finds"},"content":{"rendered":"


\nRising rents and property prices mean Londoners are flatsharing into their 40s, says Generation RentThe average time it takes to save for a home deposit in England has climbed to almost 10 years underlining the growing unaffordability for first-time buyers, according to new research.The campaign group Generation Rent said in 2012 it would typically take 6.8 years to save for a deposit for a mortgage. However, soaring private rents and higher house prices have added almost three years to that figure, pushing it up to 9.6 years. Continue reading…
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\nSource : theguardian.com
\nRead more…First-time homebuyers now need nearly 10 years to save a deposit, research finds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising rents and property prices mean Londoners are flatsharing into their 40s, says Generation RentThe...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138184","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zWM","jetpack-related-posts":[{"id":46879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-goldfish-no-fishing-for-gold-generation-rents-miss-list-penny-anderson\/","url_meta":{"origin":138184,"position":0},"title":"No goldfish, no fishing for gold: generation rent\u2019s miss list | Penny Anderson","date":"March 6, 2017","format":false,"excerpt":"\r Constant insecurity, sentenced to life in an off-white hell, never owning a pet. Here are some of the home-owning thrills renters can only dream aboutHome ownership is at an all-time low. People can\u2019t afford to pay their escalating rents, let alone work enough minimum-wage, zero-hour contracts, in order to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-deposits-raise-hopes-for-uk-first-time-homebuyers\/","url_meta":{"origin":138184,"position":1},"title":"Smaller deposits raise hopes for UK first-time homebuyers","date":"May 1, 2017","format":false,"excerpt":"\r Hamptons says re-emergence of higher loan-to-value mortgages combined with lower lending rates and cooling prices have boosted purchase prospectsEasier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain\u2019s housing ladder, according to a new report.Research on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78309,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-you-really-save-for-a-deposit-by-ditching-coffee-and-avocado-toast-i-tried-to-find-out%e2%80%8b\/","url_meta":{"origin":138184,"position":2},"title":"Can you really save for a deposit by ditching coffee and avocado toast? I tried to find out\u200b","date":"January 29, 2018","format":false,"excerpt":"\r For many young people, cutting back on little luxuries will not make property ownership a reality. But what can a spending diary \u2013 and advice from Britain\u2019s most famous money-saving expert \u2013 reveal about one millennial renter\u2019s life choices?At 26 years and 10 months old, I am squarely a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119886,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/melbournes-homebuyers-head-to-the-outer-suburbs\/","url_meta":{"origin":138184,"position":3},"title":"Melbourne\u2019s homebuyers head to the outer suburbs","date":"January 28, 2021","format":false,"excerpt":"\r Inner-city rents have fallen sharply since the start of the pandemic, but house prices on the Mornington Peninsula are rising\r \r Source : ft.com\r Read more...Melbourne\u2019s homebuyers head to the outer suburbs","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/generation-rent-the-housing-ladder-starts-to-collapse-for-the-under-40s\/","url_meta":{"origin":138184,"position":4},"title":"Generation rent: the housing ladder starts to collapse for the under-40s","date":"July 22, 2015","format":false,"excerpt":"\r Report predicts house price rises of 5% a year and shortage of affordable homes, as cost of deposit locks people out of property market House price rises of 5% a year and a shortage of affordable homes are set to swell the ranks of \u201cgeneration rent\u201d over the next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-homebuyers-splash-out-us780000-deposit-for-chance-to-buy-price-controlled-flats\/","url_meta":{"origin":138184,"position":5},"title":"Shenzhen homebuyers splash out US$780,000 deposit for chance to buy price controlled flats","date":"May 30, 2018","format":false,"excerpt":"\r One Shenzhen property developer has set a new benchmark for eager homebuyers in this southern Chinese city, requiring deposits of 5 million yuan (US$778,990.40) to enter a lottery to be selected for the 167 units that will go on sale Wednesday. The refundable fee is required to register for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138184"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=138184"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/138184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=138184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=138184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=138184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}