4 August 2014
Research by the finance website moneysupermarket shows the average first-time buyer needs a deposit of "32,000.
The website says that the number of mortgage deals available has plummeted 60% over the past 12 months, and deposits of 25% or more are required on many deals.
Not surprisingly, only 13% of 18 to 34-year-olds are planning to make their first house purchase within the next year.
The research also shows that 16% of first-time buyers are considering taking out a loan to cover the cost of the deposit.