Give us room: Older home owners almost as likely to upsize as to downsize


Published : 15th December 2017

News

Home owners aged over 55 are more likely to upsize or move to a property with the same number of bedrooms than to downsize.

 

New statistics cover moves to new-build homes only, and the size of the property is measured in the number of bedrooms rather than square feet.

 

The figures, based on a sample of 1,500 home owners aged between 55 and 74 who moved to a new-build home between 2010 and last year, show that 28% moved to a home with more bedrooms; 33% moved to a home with the same number; and 39% downsized to a home with fewer bedrooms.

 

The report from the NHBC Foundation also found that 40% moved to a four-bedroomed house, despite an average occupancy of just two people. The 40% proportion of the over-55s occupying a four-bedroom house compares to 20% of the overall population.

 

Many of the over-55s surveyed did not consider themselves as ‘old’ and believed they were decades away from requiring specialist accommodation.

 

The NHBC Foundation report is at Moving insights from the over-55s – What homes do they buy (https://www.nhbcfoundation.org/publication/moving-insights-from-the-over-55s-what-homes-do-they-buy/)

 

Source:- http://www.propertyindustryeye.com/give-us-room-older-home-owners-almost-as-likely-to-upsize-as-to-downsize/