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How to build a deposit for a home faster

Stick to your budget and build that all-important house deposit faster, says Vicky Shaw. The UK s housing market has been booming in recent weeks. According to Office for National Statistics (ONS) figures, the average UK house price leapt by £20,000 in the year to February. Property website Zoopla calculates nearly £150 billion-worth of home sales took place across the UK in the first 15 weeks of this year - a significant increase compared with 2020 and 2019. And according to NAEA (National Association of Estate Agents) Propertymark, one in six (16%) homes sold in March went for over the original asking price - the highest proportion since 2014.

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