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Evening Standard: "First time buyers won't afford a house until they are 54, report warns"

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"Aspiring first time buyers in London without access to “Bank of Mum and Dad” need to save for almost a quarter of a century to raise enough money for a deposit, a new report claims today.

"The average deposit currently stands at £58,000 on a typical 'first rung on the ladder' property costing £290,000.

"Even putting aside half of disposable income - after paying the rent, council tax, utility bills and other essentials - it would take 24 years to accumulate the cash."

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