Real Estate
Mortgage Giant Calls for Money to Coax Older Britons to Downsize
- Barclays says millions of homes in the UK are under-occupied
- Cutting homebuying taxes and moving costs could boost supply
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One of Britain’s biggest mortgage lenders called for ministers to use financial incentives to persuade older people to downsize and free up millions of properties.
Barclays Plc said grants and vouchers to reduce the cost of moving for people stuck in properties that are too large for them could help unlock capacity in the country’s supply-constrained housing market.