Downsizing buyers want bungalows

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Downsizing buyers want Bungalows
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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
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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.
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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 havent 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.
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