Retirement Housing Faces ‘Imminent Crisis’

Current stock levels of retirement housing and projected demographic changes highlight a critical undersupply of age-appropriate homes. In a new report, Knight Frank assesses the undersupply as an “imminent crisis”. There are currently 11.8 million people in the UK over the age of 65, which is forecast to rise by 20% over the next decade. This means that the time spent in ‘retirement’ will also lengthen, underpinning the crucial need for retirement housing. Knight Frank identifies the gap between the potential pool of demand and current supply as stark. Present stock – from age-restricted over-55s housing to housing with care – comprises 725,000 homes, which equates to just 2.6% of the total housing stock in the UK. Read more on 24housing.

http://www.24housing.co.uk/news/retirement-housing-faces-imminent-crisis/