The Golden Generation
By lucmin on 19th June 2017
The number of households across England is set to increase by 5.3 million by 2039, three-quarters of the increase is households headed by those aged 65+.
Over half of those over 60 are looking to downsize, which would release considerable housing stock back to the market, however there is a lack of suitable properties available with demand for properties exceeding supply.
Just 2% of current housing stock is designated retirement housing, and this houses just 1% of Britons over the age of 65. Meanwhile the provision of retirement housing has been decreasing, from 30,000 units per annum throughout the 1980’s to just 8,000 units today.
Building homes specifically for the retirement community requires a clear understanding of their needs and desires. Today’s retirement generation are more active, technologically savvy, independent and quality orientated than ever before, creating communities that are appeal for now and for future needs is a complex task.
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