The average deposit on a London house is set to hit £150,000 in five years, a report by shadow housing minister John Healey and Labour mayoral candidate Sadiq Khan warns.
Research by Hamptons International for The Independent indicates the average deposit for a first-time buyer has risen to the equivalent of 91% of average annual household earnings, from 74% in 2007.
Outside of London, there are five cities in England and Wales where buyers would be expected to pay more than the average £46,000 deposit, the research shows.
The Independent, p. 53
