Over 3m Family Homes Can Be Released If Elderly Encouraged To Downsize

The equivalent of a city the size of Manchester (500,000 people) needs to be built every two years to house the UK’s ageing population, but more than three million family-sized homes can be released by building more retirement homes.  Or so said McCarthy and Stone, a company that specialises in the construction of retirement flats, claiming that up to 3.7 million family homes could be released by encouraging elderly people to downsize. However, there remains the matter of a shortage of specialist housing suitable for the country’s ageing population.  A building programme to meet this shortfall would not only release up to 3,750,000 existing and much-needed family-sized homes to tackle the UK’s family housing shortage, but would also sustain 250,000 new construction jobs a year to 2033 and provide a significant boost to the economy, the company said.  Read more on the Housing Excellence website.