Overview

• HomeOwners Alliance research reports that 38% of homeowners aged 55-plus would choose a bungalow for their next move.
• One in seven in that age group want to move but feel unable to due to the stress of moving, a shortage of suitable options, or not wanting to leave their community.
• Developers describe a critical shortage of single-storey homes and urge housebuilders to prioritise them to support independent living and free larger family houses.
• McCarthy Stone says it has 15 bungalow developments comprising around 300 units that are sold out or selling now, with more sites coming soon.
• The survey, conducted by Opinium among 2,000 UK adults in April, found older owners were less constrained by costs than by non-financial barriers.