'Help Elderly Downsize Housing'

Older people who want to downsize their homes should be helped to do so, "freeing up" billions of pounds of housing stock, a think tank says. Those interested in downsizing are "sitting on £400bn of housing wealth" in England alone, according to Demos. Its report - Top of the ladder - funded by the Home Builders Federation, says people aged over 60 own £1.28 trillion in housing stock. It says more retirement homes are needed and if built, would help others move up the housing ladder.  Download a copy of the report from the Demos website.