This is Money Podcast Should you try to take a big jump up the property ladder?
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Sep 20, 2025 First-time buyers are increasingly borrowing large amounts to skip initial steps on the property ladder, opting for bigger homes while demand for flats declines. The discussion dives into the risks of overstretching finances and the changing buyer preferences in housing. The fading allure of buy-to-let investments is explored alongside Britain’s persistent inflation concerns. Listeners also learn about a new savings account featuring a prize draw—should you take the plunge?
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Lockdown Changed Home Preferences
- COVID lockdowns shifted buyer preferences toward houses with space and gardens.
- This change helps explain part of the declining demand for flats, especially in city markets.
Moving After A New Child
- Simon describes moving from a one-bed garden flat after having a child.
- He used family growth as a reason they needed to trade up from their first home.
Flats Losing Value Versus Houses
- A rising gap now exists between average house and flat prices, widening buyer preference for houses.
- Flats face higher rates of selling at a loss, particularly recent buyers and new-build owners.