Taxes on the development of new homes in the UK are
scuppering retirement housing development, which has enormous social value and
helps free up housing for young buyers and growing families, new research
suggests. The analysis from think tank Demos says there is evidence of a
looming crisis in the supply of housing for older people, as current policy
favours developers building starter properties, rather than also supporting
older people to downsize which would spark a positive chain reaction in the
housing market. Demos found widespread support for policies to help them
downsize, including stamp duty exemption, practical help with moving and
opportunities to try before you buy. Read more on Property Wire.
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