In 2026, UK first-time buyer homes averaged £227K, while second-steppers paid £346K, a record 52% gap due to rising prices and leasehold concerns.

In March 2026, the UK housing market saw a record £118,902 price gap between first-time buyer homes and second-stepper properties, with average prices at £226,955 and £345,857 respectively, according to Rightmove. This 52% difference—the highest since records began in 2001—is driven by slower price growth in flats due to leasehold concerns and rising house prices, particularly in London (60% gap) and the South East (61%). Buyers now need an additional £24,000 in equity to trade up, limiting upward mobility and pushing some to renovate instead of move, further reducing housing supply.