Women save an extra two years to buy a home

The gender pay gap, combined with high property prices in London, have left many women struggling to take the first step on to the capital’s property ladder. As a result of lower average earnings, it takes the average woman living in rental accommodation in London over two years longer than the average man to save a deposit to buy their first home, according to data from the website Compare My Move. “In areas where house prices greatly outstrip the wages of millennials, all first-time buyers find it particularly difficult to get on the property ladder,” the report says. “But the pay gap means a dire situation is compounded for female first-time buyers”.

Evening Standard (05/04/2019)