Lower property ambitions

Calls to 'bring back bungalows' as some over-55s put moving plans on hold

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Calls to bring back bungalows have been made as research suggested many over-55s would like to buy one in their next property move.

One in seven (14%) homeowners aged 55-plus who took part in a survey said they wanted to move, but ultimately felt unable to, for various reasons, such as the the stress and upheaval involved, a lack of suitable homes, and a reluctance to leave their community behind.

The research, published by the HomeOwners Alliance, suggested that 38% of homeowners aged 55-plus would prefer a bungalow for their next move.