It could take house buyers in Epsom and Ewell nearly 100 months to save for a deposit, study says

It could take house buyers in Epsom and Ewell nearly 100 months to save up for a deposit on a property, a new study has revealed.
Epsom centre. Image: Google Maps.Epsom centre. Image: Google Maps.
Epsom centre. Image: Google Maps.

Compiled by a team at Makemyblinds.co.uk, the study revealed Epsom and Ewell is the sixth priciest area in the UK, with potential house buyers looking at 97.6 months of saving to put down a deposit.

That’s less that areas like Chichester, Kensington and Camden, but considerably more than areas like Westminster and Hackney, which are expensive in their own right.

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Kensington came out top of the list, with home buyers likely to need to wait 109.8 months to pay a deposit. On the other end of the spectrum was Burnley, where house buyers only have to wait 2.1 years to buy a home.

The study cross-references house prices for each area with the average salary for each area and assumes that each buyer is saving the recommended amount of 20 per cent of their salary each month before purchasing a deposit.

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