Second-time homebuyers are now the ones stuck in the middle | Money | The Observer

Second-time homebuyers are now the ones stuck in the middle | Money | The Observer

Buying your first home is often seen as the holy grail. But the hurdles are very similar for those who already own their first house, with more than 2 million young homeowners stuck with little hope of moving in the next two years.

Almost half of those aged 18-34 who would like to buy a new home think it is "unrealistic" that they will be able to move within the next 24 months.

The research by Santander found that 26% of those questioned need the value of their current home to increase before they can consider buying a new one because they do not have enough equity.