16
Oct
Pensioners back downsizing in survey
A new survey has found that the majority of pensioners who have
downsized their home believe it has been beneficial.
The study by David Wilson Homes found that 62 per cent of those who
had moved from a larger home to a smaller one in retirement
believed the move had been a good one for them.
Some of the benefits were practical ones, such as having a smaller
garden to maintain, but 28 per cent said there were direct
financial benefits to moving.
These included the lower heating costs associated with living in a
more modern home equipped with better heating systems and
insulation.
House price figures from the Land Registry suggest that there has
been little difference in price change between larger homes such as
semi-detached houses and the average for all homes in the past
year.
August figures revealed that the average semi-detached home in
England or Wales had seen its value drop by just 0.1 per cent more
than the mean figure over the previous 12 months.
