Home is where most people want to be in later life and 80% of homeowners aged 65 and over wish to stay where they are. Homes are important for health and wellbeing – home adaptations can delay a move into residential care by four years.
A report from the London School of Economics suggests that stamp duty is deterring older homeowners from downsizing, and that the overall rate of home moving would be 27% higher if the levy was abolished.
Housing White Paper: Ageing should have been front and centre
We welcome the reference to housing and ageing (p63) - but this was a missed opportunity to put the housing needs of our ageing population, front and centre.
