First-time buyers face uphill struggle

09 November 2004
While the nation worries about the implications of a drop-off in the number of first-time buyers, it has been revealed that each subsequent rung on the property ladder becomes harder still.

New figures released by reveal that a two-bedroom house is 1.29 times as expensive as a one bedroomed one. A three bedroomed home is 1.72 times as expensive and for four bedrooms investors would pay 2.6 times as much as they would for a single bedroomed house.

"Of course, larger houses have additional reception rooms and bigger gardens, but the number of bedrooms still provides a very reliable rough guide to the UK's property ladder," said Nicholas Leeming, director of the propertyfinder website.

"This research shows how, far from getting easier, the climb gets tougher and the sums ever greater as you seek a larger home. A fourth bedroom costs almost as much as an entire one-bedroom home."

To read more about the UK property market, click here.
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