Sec­ond-step­pers slow­ing mar­ket

Yorkshire Post - Property - - PROPERTY NEWS -

MOV­ING: De­spite im­proved con­di­tions for home­own­ers ready to take their sec­ond step on the prop­erty lad­der, an in­creas­ing num­ber think it will be harder to sell their home this year, partly due to con­cerns over the econ­omy – ac­cord­ing to new re­search from Lloyds Bank. Sec­ond-step­pers are mostly cou­ples and young fam­i­lies mov­ing on from their first-time buyer flats. Andrew Ma­son of Lloyds Bank says: “They are telling us that find­ing the right prop­erty can be tough and they’re de­lay­ing their move. If too many hold out for a long time this could re­duce the avail­abil­ity of homes for first time buy­ers and slow the mar­ket.”

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