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England to study resale prices of homes designed for older people
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The UK government says it will study why some homes designed for older people in England lose value when resold. In its November 10 response to the Older People’s Housing Taskforce, it said low resale values and fees that buyers cannot easily understand have hurt residents and weakened confidence in the market.
The response also points to planned changes to the homebuying process. Better property listings and a requirement for sellers to provide key information up front could help older buyers assess accessibility and spot costs earlier, the government said.
The housing and health departments will lead work on a broader plan for housing an ageing population. The response sets out steps towards that plan.
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