According to the Centre for Economics and Business Research (CEBR), the value of bonuses paid to London's financial elite will rise 18% to £8.8bn.
More than 4,000 City workers will take home £1m bonuses this year .
The bonus culture is seen as one factor pushing up London house prices.
According to research carried out by the Abbey it is suggested that an estimated 6.9 million people were unable to buy their own home because they could not afford the deposit.
An estimated 3.4 million people are also waiting for house prices to fall before buying a property.
Based on its findings, more than 17 million adults in the UK were unable to get onto the property ladder for a variety of reasons.