Downsizing

  • LifestyleAOL

    The government may pay you to downsize

    The government has announced plans to pay incentives to older people to persuade them to downsize into a smaller property. It could be a lifeline for the 3.4 million pensioners who want to move out of rambling and expensive family homes - to free

    3-min read
  • NewsAOL

    The great bungalow crisis: older people trapped in unsuitable homes

    Half a million people over the age of 55 are desperate to downsize into a more suitable property, but are trapped in huge and unwieldy family homes - because developers just aren't interested in building anything for them. Things have got so

    2-min read
  • NewsAOL

    The figures that could ruin your plans to downsize in retirement

    Retirees now own almost £920 billion of property. With so much of their wealth tied up in their home, it's no surprise that many millions of people plan to fund their retirement at least partially through downsizing into a smaller place.

    3-min read
  • NewsAOL

    Pensioners now own almost £920 billion of property

    The average pensioner has made more than £1,000 a month on their property since the end of last year - taking the total value of all housing owed by retirees to a jaw-dropping £917.1 billion. Since January 2010, the total value of pensioner

    3-min read
  • NewsAOL

    A third of older homeowners want to downsize - but can't

    One in three of the UK's over-55 homeowners is considering downsizing, but can't find any suitable housing options. A chronic under-supply of suitable properties for later life, including purpose-built retirement housing, means that

    2-min read
  • BusinessAOL

    Why 64 is the ideal age to downsize

    The ideal age to downsize to a smaller property is 64 - at which point the family home starts to feel needlessly oversized, and a real headache to maintain, according to a new survey. The research by estate agent Retire Move found that after the

    3-min read
  • BusinessAOL

    2 million over 55s plan to downsize: a risky business

    A new study has shown that around two in five of all people over the age of 55 plan to downsize their home in order to help fund their retirement. On average they need to free up £85,000 in order to make their retirement plans a reality.