This has resulted in calls to bring back bungalows after homeowners took part in a survey. The research, published by the HomeOwners Alliance, suggested that 38% of homeowners aged 55+ would prefer a bungalow for their next move. With many older homeowners having built up equity in their property, house prices and moving costs were less of a barrier to moving for older homeowners than for younger generations, the survey indicated. While the NHBC has a 70%+ share of the UK warranty market, its figures will not necessarily represent around 70% of the retirement living market. Its website explains: “Typically popular with older buyers and downsizers, bungalows are now seeing a huge amount of interest from younger buyers (mostly millennials) looking for a family home.
