Will the ‘Our Future Homes’ report address the needs of an ageing population?

Will the ‘Our Future Homes’ report address the needs of an ageing population? By Kevin Shaw at Leaders

The government recently published an independent report, ‘Our Future Homes’, which considers our ageing population and looks at how housebuilders can meet the wants and needs of older people.

It is widely acknowledged that not enough new homes are being built across the board, but when it comes to suitable housing for older people, there is also a significant shortfall. The report reveals that 30,000 to 50,000 ‘later living homes’ (LLHs) are needed every year, and we’re currently only building 7,000.

Some other key findings of the government taskforce found:

  • Too many older people are worried of leaving their current homes and don’t know what housing options are available to them.
  • Affordability is a problem, with current private leasehold housing options for older people considered unaffordable for the majority of English households aged 75 years and over.

 

A separate survey of 1,000 people aged 50+ carried out by law firm, Shakespeare Martineau, found that around a third of those living on their own, and a quarter of those living with a partner believe that moving into retirement housing is simply unaffordable for them.

  • Some older people currently have access issues – only 12% have level access at the entrance of their building, and less than half have a bathroom on the entry level.

In his foreword to the report, the Chair of the Taskforce highlighted three key benefits of enhancing the quality and number of homes for older people:

  1. Providing housing that focuses on wellbeing and community improves senior citizens’ quality of life.
  2. NHS money can be saved by avoiding unnecessary hospital admissions from things like falls in properties that are no longer suitable for the occupant. Half of those aged 80+ fall at least once a year.
  3. Family homes can be released into the market to help ease the housing crisis.

What are older people looking for in a home?

The report says that senior citizens ‘want to live independently and feel safe in an environment that enables them to enjoy life, engage with others, feel culturally connected and be appreciated for their contributions – they also want to be in a familiar area near to their family and friends’.

Having independence is the thing that older people mention most often in relation to their living arrangements, so it’s vital that the properties themselves, the surroundings and local amenities support this.

The other top preferences include:

  • Maintaining home ownership – just over 74% of older people currently own their home.
  • Being safe and secure.
  • Living on one level.
  • Having spare bedrooms for family to visit.
  • Having a home that’s easy to maintain and cheap to run.
  • Easy access to amenities and leisure facilities, particularly those that help maintain good health.
  • Green spaces nearby – gardens, parks and countryside.
  • Being close to friends and family.

So, this new wave of LLHs must be:

  • Affordable enough for people to buy, rather than rent.
  • Of a reasonable size – moving to a more appropriate home is not necessarily about downsizing. 80% of senior citizens already live in homes with three bedrooms or fewer, and extra bedrooms can be useful, not only for visitors, but also so couples can sleep separately if one of them is unwell, or if a full-time carer is needed.
  • Developed all over the country so that senior citizens can maintain close contact with friends and family.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Estate Agent Talk

Commonhold White Paper – Thoughts from the Industry

The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the  ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More
Breaking News

Greenpeace Ruling Exposes UK Government Policy

In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More
Love or Hate Rightmove
Breaking News

Rightmove commentary on mortgage market + weekly tracker

Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More
Breaking News

Government plans to ban new leasehold flats

With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read More
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £4.2 billion in January.…
Read More
Breaking News

Right to Manage: changes to legislation come into effect on Monday

On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More