Save for 50 Years to Buy a Flat in Worthing

Save for 50 Years to Buy a Flat in Worthing

A typical Worthing resident will have to save for 50 years to get on to the local property ladder.

The average salary in the town is £24,000 with lenders generally giving mortgages of four times this figure, £96,000.

Worthing Pier at Dusk

But the average price of a flat in the town is £191,255 meaning buyers will be forced to save £95,255 to be able to buy. If they manage to save ten percent of their net pay a month they will have to save for 50 years to take their first step on the ladder.

“Many people feel there is no hope of ever buying a property” says Professional Property Buyer Jeff Djevdet, founder of Speed Property Buyers. “A lucky few will have the help of family but without that, owning a home in Worthing is simply impossible.”

This trend is continuing across nearly every town in England, and with no end in sight.

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About the author

Starting his career in Estate Agency, Jeff quickly moved up the ranks to manage his own office for Halifax Property Services. Co-founding Speed Property Buyers in 2008, he has applied this knowledge and overseen rapid expansion of the business.