While a quarter (25%) of over-55s in the UK have downsized, more than half (59%) regret it. They miss the extra space most (37%) followed by the garden (21%) and the location they left behind (18%) after moving to a smaller property – according to new research by stairlift and home lift company Stannah.
Three in five (62%) older Brits say they have no plans to downsize. But, feeling like their current home is too big (50%) and the prospect of less maintenance that a smaller home brings (50%) are causing them to think twice.
The research reveals the rise of the ‘Forever Homeowner’ – more than two in five (42%) over-55s plan to always stay in their current homes. They list location (63%), their age (54%) and the hassle of moving (49%) as their top reasons for wishing to stay put.
Nearly a third (28%) admit they simply haven’t planned for their future housing needs. However, there are ‘Forever Homeowners’ proactively adapting their home – whether they need assistance navigating it now, or down the line. Almost two in five (37%) believe their mobility needs take…
