Pensioners Ready to Downsize
September 1st, 2017
Almost half of Britain’s retired population would be prepared to move and downsize, potentially releasing almost 3 million extra bedrooms, says the Telegraph. With pensioner numbers set to rise from 5.7 million today to over 11 million by 2036, downsizing could help to deal with the country’s chronic housing shortage.
A survey showed 10 per cent of retired people would be motivated to downsize by a stamp duty concession, but experts said the real problem was that there weren’t suitable properties for them to move into, since far too little new building was designed to be suitable for older people.