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English definition of “the property ladder”

the property ladder

noun [S] uk   us  
a series of stages in owning houses in which you buy a small house or apartment first and then buy a bigger or more expensive house when you have enough money: House prices are so high now it is hard for first-time buyers to get on the property ladder (= buy their first house).
(Definition of the property ladder from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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