Over-55s 'let down by housing industry'

Posted: 13 Apr 2012 14:33:00 GMT

            Property News - Over-55s 'let down by housing industry'

The UK's housing industry is failing to address the needs of older people, a report has found.

Older people in the UK are being let down by the nation's housing industry, a new report has suggested.

Shelter's findings revealed the needs of over-55s are not being met at present, even though demand for retirement housing is increasing and the population is ageing at great speed.

A survey from YouGov was commissioned as part of the investigation and retirement property supply will need to rise by 70 per cent in the next two decades if it is to meet demand for such accommodation - which is expected to be that of more than six million people.

Campbell Robb, chief executive at Shelter, said there are a "growing number who would be interested in downsizing - be it to release equity or to bring down bills - yet are finding that there are very limited options".

Mr Robb explained there are also many over-55s who wish to remain in their dwellings as they get older, adding those who want to take this route should be supported in their efforts to do so.

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