Second steppers short on space
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.”