A new property study reveals a massive disparity in how long first-time buyers must save for a 25% deposit on a detached house across the UK, ranging from just over three years to more than four decades.
The analysis, which compared property prices, median household income, and rental costs, crowns Stoke-on-Trent as the most accessible location for first-time buyers targeting a detached home.
The UK’s Fastest Route to Homeownership
Buyers in the Midlands and the North enjoy the shortest saving periods. The top areas offer a stark contrast to London, making homeownership a much quicker reality for typical households.
| Rank | Area | Time to Save for 25% Deposit | Avg. Detached Price | Median Annual Earnings |
| 1 | Stoke-on-Trent | 3 years, 12 months | £229,469 | £57,815 |
| 2 | Kingston upon Hull | 4 years, 1 month | £240,357 | £58,894 |
| 3 | County Durham | 4 years, 3 months | £236,119 | £55,622 |
| =4 | Derby | 4 years, 6 months | £316,243 | £70,876 |
| =4 | Sunderland | 4 years, 6 months | £257,711 | £57,011 |
Stoke-on-Trent leads the list, requiring only 3 years and 12 months of saving for a 25% deposit, thanks to an average detached price of just £229,469 against solid local earnings.
The UK’s Slowest Saving Destinations
At the other end of the scale, London boroughs present a near-impossible barrier to homeownership, even for high-earning households.
| Rank | Area | Time to Save for 25% Deposit | Avg. Detached Price | Median Annual Earnings |
| 1 | Westminster | 41 years, 6 months | £4,012,081 | £96,585 |
| 2 | Haringey | 38 years, 9 months | £2,358,125 | £60,858 |
| 3 | Camden | 37 years, 3 months | £3,370,462 | £90,388 |
A first-time buyer in Westminster faces a jaw-dropping 41 years and 6 months of saving for a deposit on an average £4 million detached home, highlighting the extreme housing crisis in the capital.
(Analysis conducted by housebuyers4u)
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