Owl thinks the “smaller homes” to encourage older people to downsize will be luxury retirement properties a la PegasusLife, which will leave luxury top-end homes available for luxury top end home buyers. “Sheltered” housing association homes or council homes (i.e. affordable sheltered housing) – in your dreams!
Just another way for developers to milk cash cows.
“Theresa May’s government will use its flagship housing strategy to make it easier for older people to move into smaller homes, in a move that could free up larger properties for families.
A policy to incentivise more quality, newly built sheltered accommodation will be included in a white paper, which also aims to break the dominance of a limited number of large housebuilders.
Councils, housing associations and smaller developers will be encouraged to build more as the government sets out how it plans to meet a target of 1m new homes by 2020. …”
East Devon Watch 