The term property ladder—or housing ladder[1]—, 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 traces use of the phrase "property ladder" back to 1941 in the journal Eugenics.[2]
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See also
References
- ^ "HOUSING LADDER". Cambridge Dictionary. Retrieved 2024-03-01.
- ^ "property ladder". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
This page was last edited on 29 March 2024, at 22:44