Over 65's are sitting on a lot of property wealth partly because there is a shortage of homes  for them to downsize to and because the second-hand market, on which they rely to sell their homes, has showed signs of a decline.

 The retirement home builder, McCarthy Stone,  found that 36 per cent of people aged over 65 are looking to downsize, this equates to 4.3 million of the population.  

Currently, housing policies focus more on creating starter homes whilst the chronic under supply of retirement homes is overlooked.  There should be a balance between the needs of those requiring starter homes and those in need of retirement homes.