Today’s first-time buyers are typically paying 191 percent more than their parents to get a foot on the property ladder.

The figure, which represents a rise on top of normal inflation, is further evidence of the punishing impact of spiralling prices.

At the same time, the typical price of a first home today is some 8.1 times average earnings, which is up from a multiple of 4 times earnings in the 1990s.

Such is the high cost that the average first-time buyer today is aged 33, according to…