The term property 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 more affordable
houses (for younger
first-time buyers who are typically at the bottom of the property ladder) to expensive houses 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 first and foundational historical dictionary of the English language, published by Oxford University Press (OUP). It traces the historical development of the English language, providing a co ...
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 markets) is a type of economic bubble that occurs periodically in local or global real-estate markets, and typically follow a land boom. A land boom is the rapid increase ...
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British property bubble
The affordability of housing in the UK reflects the ability to rent or buy property. There are various ways to determine or estimate housing affordability. One commonly used metric is the median housing affordability ratio; this compares the medi ...
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United States housing bubble
The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reac ...
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Priced Out
References
{{DEFAULTSORT:Property Ladder
Real estate in the United Kingdom