The average UK homebuyer could see the initial cost of a 10% mortgage deposit increase by more than £12,000 over the next 25 years, new analysis from Barrows and Forrester has revealed.

The real estate agency’s research suggested that should the market continue to see property values climb at the same rate, the average UK house price could hit £362,350 by 2045.

Barrows and Forrester analysed historic house price data over the last quarter of a century as well as the rate of house price growth, and then used an ETS forecasting model to predict what the property market of the future could look like for home buyers and sellers.

The predicted 51% increase from today’s current average of £239,196 would mean that the average homebuyer placing a 10% deposit for a mortgage would be paying £36,235 – a total £12,315 more than the initial average cost required today.

“The real aim of this research is to act as a warning shot to a government that has consistently neglected its responsibility to deliver affordable housing year after year,” said Barrows and Forrester managing director, James Forrester. “Despite promising to address the UK housing crisis on multiple occasions, the level of new homes being delivered is abysmal.

This failure to increase supply is the driving reason behind the spiralling issue of affordability for many homebuyers and those that consistently recite promises of addressing this issue to win over voters should hang their heads in shame.

“We hope that they might listen to this prediction of future prices and refocus their attention on the delivery of affordable housing stock for the masses in order to prevent it.

“Unfortunately, based on their previous track record we have more chance of winning the lottery and the future homebuyer may well need to in order to buy. So let’s hope we’re not looking at such steep levels of price growth come 2045.”

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