Government may consider policy that encourages elderly to downsize

Government may consider policy that encourages elderly to downsize

New policies to encourage older people to downsize could be considered by the government.

A payment to those in social housing and eventually private property owners are among the measures that could be introduced.

Developers could also be required to allocate a certain percentage of new builds to accommodate the elderly and those with mobility issues.

"If there's a way to help people to move to a suitable home that is smaller, to free up more housing for people that are desperate need of it, that's a good thing," commented Karl Deeter from Irish Mortgage Brokers.

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