Half of all first-time buyers need property deposit cash from parents

Half of all first-time buyers will only get on the property ladder in the next three years due to cash from their parents, according to figures from a leading estate agent.

The true extent of the financial struggles faced by first-time buyers are laid bare by the Savills research.

It found that 47 per cent of all first home purchasers will not be making the financial move alone. It equates to almost half a million first-time buyers, at 470,000.

Half a million first-time buyers will receive financial assistance with a deposit in the next three years, according to Savills research (stock image)

Half a million first-time buyers will…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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