Single Londoners face three decades of saving

23rd January 2015

Figures released by Shelter have shown that the average, single and in-work Londoner has to save for 29 years to afford a deposit on a new home within the city. The A Home of Their Own report also considers the affordability of property across the nation for childless couples working fulltime and couples with one child, with one working fulltime and another part-time. Outside of London, it was found that couples with a child would be forced to save for over a decade in over 70% of England’s counties. In a third of counties, it would take over 15 years – while in London it would take 25 years. A childless couple, however, could afford a deposit in the capital in 13.5 years.

The Independent (23/01/15)