The July ‘Impacts’ report from Savills highlights the major opportunity for investors in ‘housing with care’. From independent-living housing schemes and retirement villages through to those with light-touch support, such as assisted living or extra care, it’s a gap that needs to be filled.
We are on track for the worldwide number of over-65s to more than double to 1.5 billion by 2050. The report highlights the key attributes of housing with care from five global models including New Zealand, Australia, USA, Germany, France, Singapore, China and Japan.
Prioritising ageing in place could change for many markets if more of the right kind of product shows the benefits of communal living (which also frees up traditional housing stock)
In the UK we have less than 3% of the UK’s housing stock geared towards the retirement market and much of this was built as traditional sheltered housing several decades ago. As this report hightlights,
“The market is moving towards a more flexible offering of tenure, with both traditional sale and rental models now being offered,” says Samantha Rowland, Savills Head of Senior Living.
Read the full report Here
Impacts | July 2020 | Housing Solutions For An Ageing Society.