Despite the hurdles, 86% of millennials currently flat-sharing want to own their own place because they’d rather pay into their own property then a landlord’s.

And the research doesn’t consider other factors such as: being in a relationship so you move in together (the deposit is then halved) or winning the lottery.

But some experts say investing in property isn’t always the be-all and end-all.

“Buying a house isn’t a foolproof money maker. The UK’s property market is far less certain than just 18 months ago, and buyers are faced with rising inflation and interest rates,” says financial advisor at MoneyComms, Andrew Hagger. “House prices are also stalling and in London there’s signs they’re falling.

“This may seem like good news to first-time buyers but, if the trend continues, there’s a strong possibility people will end up trapped in negative equity.”

“The financial pressure of buying a house isn’t just the deposit and the monthly mortgage repayments,” he adds. “If anything goes wrong, you have to pay for it and this can be a huge cost. Young people need to consider whether they can truly afford this without getting into difficulty. Buying a house in your 20s ties you to a long-term responsibility that can be tricky to get out of.

“Property can be a great investment, but you need to weigh up whether the potential profits currently outweigh the risk of ending up in negative equity. This is a decision that should not be rushed.”

However, all is not lost; an affordable flat-pack house could well be the solution we’ve all be waiting for.

In the meantime, we’re off to buy more avocados and sandwiches…

Images: Unsplash / Matt Jones

Millennials, this is how long it’ll take you to save for a house deposit