Rightmove – Second-time buyers are now the ‘squeezed middle’ of the property market
14 March, 2013
According to Rightmove, almost half of people buying for the second time are finding it difficult to accommodate the needs of their family while they have to spend a long wait on the bottom rung of the UK housing ladder.
Their latest buyers’ survey reveals that 40% of so called ‘second-steppers’ are worried that their home is too small for their family, while a further 7% have even put off having children because their property simply isn’t big enough.
The report states: “With the average age of prospective first-time buyers and second-time buyers standing at 30 and 41 respectively, late entry onto the housing ladder and longer stays on its bottom rung mean second-steppers, although active, are increasingly becoming the property market’s ‘squeezed middle’, weighed down by worries over space, age and kids.”