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Downsizing buyers want bungalows

Given the fact that the population of Britain is aging, there is a need for the property market to be aware of the elder generation and their property requirements. In some quarters, the presence of the elder generation is a problem, citing the fact that these homes could be freed up for younger households to buy<br>https://www.griffin-residential.co.uk/blog/downsizing-buyers-want-bungalows

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Downsizing buyers want bungalows

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  1. Downsizing buyers want Bungalows

  2. Given the fact that the population of Britain is aging, there is a need for the property market to be aware of the elder generation and their property requirements. In some quarters, the presence of the elder generation is a problem, citing the fact that these homes could be freed up for younger households to buy

  3. A recent study suggests that 54% of people aged 65 years or older would be willing to move to a bungalow property. The same study suggests that 65% of this group would like to see new build bungalows being built solely for the use of elderly buyers. In a roundabout way, this is a solution that would benefit the entire property market but if the elderly moved into the bungalows, there would be a significant increase in the supply of homes to the market.

  4. This demand for bungalows presents an opportunity for homeowners with this style of property who are looking to move on. It is always important to present property to the most likely buyer and it could be that some vendors haven’t considered pensioners and the elderly as a viable buyer. However, studies suggest that this is a demographic that is worth considering because these people are willing to buy.

  5. Contact Us Email: info@griffinresidential.co.uk Call Us: 0345 561 0050 Website: https://www.griffin-residential.co.uk/

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