Three quarters of over 55’s are looking to downsize

- Wed 01 Sep 2021

With the impact of Covid on many, the importance of having the right home is essential. The turbulence the virus has had on the world has made many people think twice about what they want out of their home. With this in mind a recent study carried out by Legal & General reported that almost three quarters (75%) of over 55’s are looking to downsize.

The decision to move later in life, is of course a big one. With practical and emotional considerations needed to be taken Covid may have been the push that many have needed to therefore make the jump. It is only natural that the past 16 months have seen people re-evaluate what’s important to them, that may be wanting to move closer to love ones or to an area that they have always dreamed of living in for a better way of life. Alternatively, downsizing may be more financially viable, you may be looking to retire or wanting to spend more of your finances on making memories rather than a larger property that you may not need anymore.

Sales Director, Darren Ellis comments “The extraordinary property market that we have seen this year is hugely down to the re-evaluations many people have had on their homes and communities they want to be living in. The South West has always been an ever popular place for people to relocate for a better way of life, but this year more so than ever. Here at Bradleys Estate Agents we are committed to providing you with high quality service through the whole journey, from taking on board your specific time frame, finding the right buyers for your property and then the dream house you want to be moving on to. Please don’t hesitate to get in contact with your Bradleys local branch who will be pleased to help.”

Bradleys Estate Agents provide free valuations for sales and lettings and can help you plan for your next move. Bradleys also work alongside partners such as Homewise, who provide alternative options for moving for the over 60’s, further information can be found on the Bradleys website.

Three quarters of over 55’s are looking to downsize

More Stories