The average age that Britons expect to be able to buy their first property is now 38 years old, according to research from moneysupermarket.com.
It also found that 31% say they do not intend to buy a property at all.
Despite improvements to mortgage availability and criteria, the average LTV for products available to new buyers is 77%, meaning someone taking out a mortgage on a £150,000 property would need a deposit of £34,500.
Clare Francis, mortgage spokesperson at moneysupermarket.com said: “The housing market has been hugely affected by the credit crunch and economic downturn