More than half of over-55s have no intention of
downsizing, according to a survey for My Home Move, but those who do want to
move are hampered by moving costs and a lack of suitable properties. Of those
surveyed, 58% said they had no intention of downsizing. But for those that
would make the move to a smaller property (25%), there existed “real and
urgent” barriers which were stopping them from putting their homes on the
market. Of these would-be downsizers, 39%
cited there are not enough of the ‘right kind’ of properties available
to move into; while nearly 40% saw the costs involved in moving as too
prohibitive to consider moving now. Read more on the My Home Move website.
Tell us: have you given up on trying to buy your first home?
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We’d like to hear from people in the UK who have abandoned or delayed plans
to get on the property ladder
UK house prices rose for the first time in four...
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