Senior housing units in the UK to grow by 9% over the next five years

In its latest Seniors Housing Development Report, Knight Frank announces that rising investment is driving an increase in seniors housing delivery, with investment into the sector set to increase by 30% year-on-year to £1.75 billion. While delivery volumes are set to increase by nearly 10% over the next 5 years, this still only equates to less than 3% of total UK housing stock.

Looking to the future, it is concerning that 50% of local authorities in England do not have clear planning policies in place to support housing for seniors and 80% do not have site allocations.

The report, therefore, suggests that more focus should be made to increase delivery and meet the UK’s seniors housing needs, especially how the 65+ population is set to increase by 22% in the next 30 years to 15.1 million people, deepening the support and demand imbalance that already exists.