These Knight Frank reports, including subsequent updates (October 2016 and April 2018), examine the demand and supply for purpose-built housing for older people across the UK. It includes an analysis of the equity release potential of downsizing, as well as highlighting the planning landscape for the retirement housing sector.
- By 2039, one in 12 people will be aged 80 or over
- Just 3% of new-build units in the pipeline or currently under construction are designated 'elderly' or 'sheltered' housing
- Downsizing to a home with one less bedroom will release around £52,000 in equity on average across England and Wales, with large regional variations
- Supply of retirement housing needs to increase five-fold
Jeremy Porteus is quoted saying:
"The policy debate should not just be about starter homes. We need think smarter and raise our ambitions about how we co-design attractive and affordable housing that older people want. It's time to escalate more age-friendly solutions for our homes and in our communities."