Saving for a deposit will take 31 years

David Cheskin/PA Wire

A study has revealed today that millions of families will have to save for more than 30 years to get themselves onto the property ladder.

The research, conducted by think-tank Resolution Foundation, found that the crippling impact of high property prices has made the demand for large deposits so great that it could take as long as 31 years for a family to stump up the money.
As a result many have little chance of ever being able to get their foot on the property ladder.