The final chapter of the housing journey begins when people start trading in large family homes for smaller ones.
Having traded up from a flat or a smaller house, the middle of the housing journey is firmly the preserve of families living in large homes.
We’re comfortable talking about first time
buyers, a journey given much scrutiny and much measurement, but we are much less likely to talk about those moving for the first time.
First time buyers are front of the pack in the Government’s drive for home ownership, with much recent housing policy aimed at supporting their first purchase.
But once they become home owners their journey doesn’t end, even if the state support does. This week we will be looking at the journey home owners face moving on for a second, third, fourth and eventually last time and what their onward mobility means for the rest of the housing market.
It has emerged in recent weeks that the government could soon look to ban ‘Gazumping’. A fundamental move which will prevent millions of house sales falling through each year, and avoiding the disappointment faced by buyers.