Hamptons International says single first time buyers and couples can significantly cut the time it takes to save for a deposit by moving back in with parents, or not moving out in the first place.
The agency says a single first time buyer in England and Wales could reduce the time to save for a deposit from 13 years to just four years, while a couple could reduce the time taken from three and a half years to one year and nine months.
More young adults are now moving back in to, or remaining in, their family homes to save up than in previous years.
The Office for National Statistics says there were 6.6m young adults aged 15 to 34 living rent-free with family or friends in 2015 compared to 5.6m in 2000.
Higher rent relative to income in London means that buyers in the capital benefit most from staying with parents. The average London couple could cut almost five years off saving up time reducing it to less than three years, while a single buyer could cut it by - wait for it - a remarkable 33 years.
“In 2015, the government estimated that around a quarter of people aged 21 to 34 now live with their parents” says Fionnuala Earley, residential research director at Hamptons International.
“The Chancellor further improved the prospects for those saving a deposit when he announced the Lifetime ISA in March’s Budget. Available from 2017, together with the Help to Buy schemes and the increasing availability of higher loan to value lending, this eases the pain for would-be first-time buyers and cuts the time it takes to save up to purchase a property” she says.