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About: Property ladder     Goto   Sponge   NotDistinct   Permalink

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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 volatile property market.