Downsizers
These buyers have accumulated significant equity during the last 15 to 20 years and, with the ability to release funds from their pensions, have more capacity than ever to downsize. Our analysis shows that owner-occupiers over the age of 65 hold more than £1.5 trillion of net housing wealth.With affordability limiting the younger generation, we expect to see an increase in the number of downsizers releasing this equity to help family members get on the ladder – even in prime markets.Many will be in search of a quieter life, making the move from town to village or to picturesque coastal retreats. However, there is also increasing demand for older buyers to live in vibrant urban locations. Both groups of buyers will be in search of prime locations that offer a high quality of life.