What is the current gap between starter homes and larger properties in Great Britain?

The gap between starter homes and larger properties in Great Britain reached a record 52% in March, with a difference of £118,902.

Which regions in Great Britain have the steepest challenges for homeowners trading up?

Buyers in London and the South East face the greatest challenges in trading up for more space, with price gaps of 60% and 61% respectively.

What regions offer the most achievable property ladder for homeowners in Great Britain?

Yorkshire and the Humber offer the most achievable conditions for trading up, with a 38% gap, followed by Wales at 40%.

Home / Business and Economy / Great Britain's Housing Gap Hits Historic High

Great Britain's Housing Gap Hits Historic High

18 Mar

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Summary

The gap between starter homes and larger properties reached a record 52%.
London and South East buyers face the steepest challenges trading up.
Yorkshire and the Humber offer the most achievable property ladder.

Great Britain's Housing Gap Hits Historic High

The disparity in asking prices between smaller, first-time buyer homes and larger properties across Great Britain has widened to its highest point on record. In March, the average price for a two-bedroom or smaller home was £226,955, while a typical three- or four-bedroom "second-stepper home" averaged £345,857. This 52% gap, the largest since 2001, highlights growing challenges for homeowners aiming to upgrade.

Buyers in the South East and London experience the most significant price gaps, at 61% and 60% respectively. Conversely, Yorkshire and the Humber offer the most accessible market for trading up, with a 38% price difference, followed closely by Wales at 40%. Property experts note that building the necessary equity for such a move remains a substantial barrier for many households.