First-time buyers thinking about cancelling their gym membership based on the advice of one TV property expert would need to stop working out for 253 years, according to The Gym Group.
The figures released today by the provider no contract 24/7 gym facilities, lifts the lid on comments made by Kirsty Allsop this week who said that if hopeful homeowners were serious about saving up their money, they should let go of their gym memberships, as well as wasting money on coffees and Netflix.
Swapping sit-ups for crunching the cost of its DO IT Monthly Membership at £19.39, The Gym Group found that a first-time buyer would need to stop going to the gym for 253 years to save up the average £59,000 needed for a deposit to buy a home on the current UK property market (Source ONS).
Emily Kortlang, Group Brand and Marketing Director, said: “The idea that cancelling a gym membership or not buying a takeaway coffee will have a major impact on helping first-time buyers to raise a weighty deposit for their dream home is totally unrealistic as our figures show.
“You can’t put a price on the importance of health and wellbeing. Now more than ever, people are motivated to get back to working out and start a new exercise routine which will make more people feel happier and healthier as life begins to return to normal.”
