Tuesday, 22 August 2017

Towns such as Henley proving popular with downsizers

AS Standard Property reported a few weeks ago, 41 per cent of homeowners (nearly 2.5 million people) over 55 plan to downsize - up from 38 per cent six months ago, according to figures from the Prudential Downsizing Index

AS Standard Property reported a few weeks ago, 41 per cent of homeowners (nearly 2.5 million people) over 55 plan to downsize - up from 38 per cent six months ago, according to figures from the Prudential Downsizing Index.

And 35 per cent of those shifting to a more manageable space will relocate to another town or city in Britain.

Yet downsizers, who make up 18 per cent of those who moved house last year, are unlikely to venture far from their home base, argues Johnny Morris, of estate agents Hamptons International.

“The majority of downshifters go down the road, not more than two-and-a-half miles from the family home,” he reports.



Hamptons’ new report notes a trend in downsizers moving to the seaside to places, city centres, or market towns such as Henley, which, being on the river and with good links to London, Reading, the M4 and the M40, is perfectly placed.

“In urban areas, you don’t need a car and you’re near friends and family,” says Morris. “You can walk anywhere.”

James Butler, senior residential sales manager at the Henley branch of Hamptons, in Hart Street, said: “Generally, these buyers are looking for smaller, low-maintenance, turnkey properties, so new-build property tends to be popular. Many downsizers like the idea of outside space, but they don’t want the work involved in looking after a garden. Therefore, new builds with small, easy-care gardens, balconies, or communal spaces are of interest.”

New developments are the obvious answer to downsizers demanding a lock-up-and-go way of life, and Henley has several for sale at present. To search for one, go to the Henley Standard’s property portal at www.henleystandard.co.uk/ property



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