Gen-Z are being “locked out” of home ownership, campaigners have warned, as first-time buyers now face paying up to six times more for a home than their parents.
An analysis of rental, property and salary data by The Independent reveals that the average homebuyer in 1995 had to save just a third of their salary – £5,000 – to put down a deposit, while today’s first-time buyers are forking out average deposits nearly twice as high as the average salary.
