The property ladder is a term widely used in the United Kingdom to describe the relative differences in constant terms from cheaper to more expensive housing.
According to this metaphor, an individual or family's lifetime progress can be traveled equally from more affordable houses for younger first-time buyers who are typically at the bottom of the property ladder, and 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 volatile property market.
See also
- Real estate bubble
- British property bubble
- United States housing bubble
- Priced Out