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Rightmove - Second-time buyers are now the 'squeezed middle' of the property market - Censeo Financial

Written by admin | Mar 14, 2013 10:54:51 AM

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.”