Sec­ond step­pers short on space

Yorkshire Post - Property - - PROPERTY -

AL­MOST half of the prop­erty mar­ket’s sec­ond-step­pers, those buy­ing for the sec­ond time, are strug­gling for space, say Right­move.

Its buy­ers’ sur­vey re­veals that 40% are con­cerned that their home is too small for their fam­ily and a fur­ther seven per cent have even put off hav­ing chil­dren be­cause their prop­erty sim­ply isn’t big enough. The av­er­age age of the prospec­tive sec­ond-time buy­ers is now 41.

Miles Ship­side of Right­move says: “Sec­ond-step­pers are the ugly duck­lings of the hous­ing mar­ket; over­looked for many government in­cen­tives, strug­gling to pro­tect their eq­uity if they bought near the peak, and now crammed into a home too small for their grow­ing fam­ily needs.”

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