Study suggests downsizing by older people 'could free up housing’

Older couples ‘downsizing’ to smaller properties could free up housing stock, according to a report, although it warns of the risk of social isolation.

The study, published today by the Economic and Social Research Institute (ESRI), finds that many older people already live in smaller properties, particularly those who live alone.

However, it found there was “scope” for incentivising trading down among older couples. Entitled ‘Housing and Ireland’s Older Population’, it also outlines potential problems, such as negatively impacting on the health of the people who move.