The term property ladder—or housing ladder—, widely used in the United Kingdom, describes the relative differences in constant terms from cheaper to more expensive housing.
According to this metaphor, an individual or a family can progress by stages from
starter homes (for younger
first-time buyers who are typically at the bottom of the property ladder) to
move-up houses to more expensive houses that are at the top. "Getting on to the property ladder" is the process of buying one's first house and holding a place on the property market.
The
Oxford English Dictionary
The ''Oxford English Dictionary'' (''OED'') is the principal historical dictionary of the English language, published by Oxford University Press (OUP), a University of Oxford publishing house. The dictionary, which published its first editio ...
traces use of the phrase "property ladder" back to 1941 in the journal ''Eugenics''.
See also
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Real estate bubble
A real-estate bubble or property bubble (or housing bubble for Residential area, residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduced in ...
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British property bubble
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United States housing bubble
The 2000s United States housing bubble or house price boom or 2000s housing cycle was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a Real-estate bubble, real estate bubb ...
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Priced Out
References
{{DEFAULTSORT:Property Ladder
Real estate in the United Kingdom