Greater Manchester town named one of UK's 'worst' places to save for a house deposit

A town in Greater Manchester has ranked poorly for saving a house deposit in the UK. A study reveals some areas could take up to 18 years to save enough for a typical deposit. Bath is listed as the worst place, requiring 18 years with house prices averaging £563,050 and local wages around £32,481. Ewell follows closely, needing 16 years with average prices at £582,752. Altrincham in Trafford is also in the top 10 worst, with an average house price of £538,225, taking 15 years to save up for a deposit. In contrast, places like Greenock are much more affordable, needing just five years to save for a deposit, making home ownership more achievable. The data highlights the significant barriers potential buyers face depending on where they live, with many feeling priced out before they even start.

Read the full article at Manchester Evening News