You'll need an average deposit of more than £100,000 to buy a home in London, while buyers in the North pay less than a quarter of that, according to data from Halifax.
London is unsurprisingly the most expensive place for a first-time buyer to settle down. But what are people paying in the rest of the country?
Here we take a look at how much you might need to save to buy in different areas around the UK.
First-time buyers in Greater London paid an average deposit of £109,885 in 2019. In the North of England (Cleveland, Durham, Northumberland and Cumbria) the average deposit was £24,091.
The North West, Wales, Northern Ireland, Scotland, and Yorkshire and the Humber all had average deposits below £30,000, while the South East, South West and East Anglia all had averages over £40,000.
The proportion of the average house price covered by the deposit was relatively consistent across regions, the highest being 24% in Greater London and the lowest being 17% in Wales.
The table below has a full breakdown of average deposits and percentages last year.
Halifax's data also reveals the average prices first-time buyers pay for homes around the country.
Again, Greater London comes in as the most expensive, with home-owning newcomers paying £453,385 on average for a property.
The cheapest regions were the North of England, with an average of £136,104, and Scotland, where the average was £152,728.
In effect, a £109,885 average London deposit would be enough to buy 90% of the average northern first-time buyer home outright.
Here's the full table of house prices:
The best way of gauging affordability is not necessarily looking for the lowest house prices.
Instead, compare the price of the average first-time-buyer home with the average earnings in that area. The resulting ratio shows how affordable homes are to people working locally.
Hackney in London was the most expensive. You'd have to save your entire salary for 12.1 years (and then a few years more to cover tax) before you could buy an average first-time buyer home outright there.
Nine of the top 10 most expensive local authority areas were in London, the other was Oxford.
Localities in the North West, Scotland and Wales made up the top 10 most affordable areas.
Armed with these figures, you can make an informed decision about where you want to buy your first home. But how do you get the money?
We have several savings advice guides, helping you with the different approaches you can take: