Some quite startling facts in this Guardian article:
1. Average deposit in London £100k
2. Little over a third of houses in London are actually selling
3. Nearly half of first-time buyer deposit moneys come from family or Government help-to-buy schemes
4. Meanwhile, prices in the north-east are still 9% down on 2007 prices.
Britain’s housing market remains distorted 10 years on from the global financial crisis, with first-time buyers struggling to scrape together the much bigger deposits they need today, existing owners unable to “climb the ladder” and a gaping price divide between London and regional cities, according to a report out today.