Wednesday, 7 October 2015

'Psychological Barriers' Stop Old People From Downsizing, Says Housing Minister

Older people have to overcome a “psychological barrier” which stops them downsizing to a smaller home, the housing and planning minister has said. Brandon Lewis said he wanted property companies to build more attractive bungalows which would encourage pensioners to move out of their empty family homes.  By 2021 the number of households is on course to increase by 2.2million. Of that, 1.2million or 54 per cent will be households aged 65-years and over. However only 300 bungalows were built in England in 2009, the most recent figures show, and currently only two per cent of English homes are bungalows. Read more on the Daily Telegraph website.

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