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Second steppers bide time to jump straight into family homes

Posted by: In: Real Estate 19 Nov 2014 Comments: 0 Tags: , , , , , , , , , , ,

According to the fourth annual Second Steppers Report from Lloyds Bank, those living in their first home are increasingly looking to move into bigger four bedroom detached houses, reducing the number of steps they’re taking on the property ladder to get to their long term family home.

In 2010, three bed semi-detached properties were the preferred second step. At that time, almost two thirds (60 per cent) said that they were looking to move to a semi-detached house, with half (48 per cent) also saying detached properties would also be an option. Fast forward to 2014 and 54 per cent of Second Steppers stated they would be looking to next move to a detached house, now the most preferred option, with semi-detached properties reducing to 51 per cent.

UK, Home Ownership

Source: The Movechannel


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