THE UK’S LONGEST HOUSING LADDERS
Buying your first property can be one of life’s most significant milestones, both as a move towards settling down and as a financial step forward.
Once people have bought their first property they’ll often look to pay off as much of their mortgage as possible before selling it and buying something bigger. But how much does it cost to move up the housing ladder?
Climbing the property ladder
To help property owners get a clear idea of what it would cost them to increase the size of their property from a flat all the way up to a detached house, we investigated the price differences between each property type and the size of the “step” required to make the move in different locations across the UK.
Find out what each property type costs in your area and in locations where you might want to buy – the difference in price of buying a larger property.
The changing price of property
As well as individual price differences in property types, it’s important to have a sense of how prices are changing across the country – so you can make the most informed decisions about what your property could sell for in the future, or what your dream property might cost.
The data below shows a comparison between the same types of property in each location as at January 2017, and at June 2019. Have a look at the different locations and the difference in price over the course of the two years to see if your dream home is getting cheaper or if you should buy sooner rather than later.
Moving up the housing ladder in the 20 biggest cities
The toughest housing ladders
The most climbable housing ladders
Methodology & Sources
Contains HM Land Registry data © Crown copyright and database right 2017. This data is licensed under the Open Government Licence v3.0.
Step Data refers to an average of all areas and locations listed by the Land Registry between January 2017 and June 2019, as collected at September 2019. These have been filtered using a pivot table of Region against Property Type.
2017 - 2019 Comparison refers to the Land Registry-created averages for the months January 2017 and June 2019, with the exception of National Average, which is created from an average of all data using a pivot table in the method described above.