WHAT ARE THE BENEFITS OF HOMES FOR LATER LIVING PROPERTIES?

Benefits for older people, their family and friends – and for others further down the housing ladder.

 

    • Older people can live independently and know that social company and practical help is on-hand.
    • They typically enjoy a higher quality of life, a higher sense of purpose and lower levels of loneliness.
    • A person aged 80 living in retirement housing feels as good as someone aged 10 years younger in the general population.  Much of this improvement comes through improved levels of life satisfaction and well-being, and reduced levels of anxiety.
    • Properties are low-maintenance and energy-efficient.
    • Dwellings are designed around the needs of older people, with reduced risk of slips, trips and falls, cleverly designed circulation spaces, well-designed appliances and storage, and landscaped gardens.
    • Overall, every Homes for Later Living property sold generates two moves further down the housing chain. Our research shows that roughly two in every three properties built releases a home suitable for a first-time buyer through the housing chains created.
    • If, over time, all of those aged 65+ who want to move were able to do so, it would free up nearly two million spare bedrooms, predominantly in three bedroomed homes with gardens, ideally suited for young families with children.

WHAT ARE THE BENEFITS OF HOMES FOR LATER LIVING PROPERTIES?

Benefits for older people, their family and friends – and for others further down the housing ladder.

 

    • Older people can live independently and know that social company and practical help is on-hand.
    • They typically enjoy a higher quality of life, a higher sense of purpose and lower levels of loneliness.
    • A person aged 80 living in retirement housing feels as good as someone aged 10 years younger in the general population.  Much of this improvement comes through improved levels of life satisfaction and well-being, and reduced levels of anxiety.
    • Properties are low-maintenance and energy-efficient.
    • Dwellings are designed around the needs of older people, with reduced risk of slips, trips and falls, cleverly designed circulation spaces, well-designed appliances and storage, and landscaped gardens.
    • Overall, every Homes for Later Living property sold generates two moves further down the housing chain. Our research shows that roughly two in every three properties built releases a home suitable for a first-time buyer through the housing chains created.
    • If, over time, all of those aged 65+ who want to move were able to do so, it would free up nearly two million spare bedrooms, predominantly in three bedroomed homes with gardens, ideally suited for young families with children.

BENEFITS FOR COMMUNITIES

    • Improved quality of life means lower public health and social care costs. This saves the state around c. £3,500 per person per year, for instance from fewer falls, reduced loneliness and dementia, quicker detection of strokes, and lower use of care services
    • Homes for later living boosts local high streets, helping communities feel the benefit of the ‘grey pound’ as residents regularly use shops and local facilities.
    • Homes for later living are typically built on brownfield sites needing regeneration and in close proximity to shops, restaurants and services, thereby helping repopulate town centres.

BENEFITS FOR COMMUNITIES

    • Improved quality of life means lower public health and social care costs. This saves the state around c. £3,500 per person per year, for instance from fewer falls, reduced loneliness and dementia, quicker detection of strokes, and lower use of care services
    • Homes for later living boosts local high streets, helping communities feel the benefit of the ‘grey pound’ as residents regularly use shops and local facilities.
    • Homes for later living are typically built on brownfield sites needing regeneration and in close proximity to shops, restaurants and services, thereby helping repopulate town centres.

BENEFITS FOR YOUNG PEOPLE AND FIRST TIME BUYERS

    • c.3m older people in the UK aged 65+ want to downsize. 
    • If, overtime, all of those aged 65+ who want to move were able to do so, it would free up nearly two million spare bedrooms, predominantly in three bedroom homes with gardens, ideally suited for young families with children. 
    • The chain impact would be a major boost for first time buyers, with roughly two in every three retirement properties built releasing a home suitable for a first-time buyer in the housing chains created.
    • Overall, every Homes for Later Living property sold generates two moves further down the housing chain, and in certain circumstances this may be more. If 30,000 later living properties were built per year (10% of the Government’s overall housing target) this would mean at least 60,000 or more additional house moves are facilitated each year.

BENEFITS FOR YOUNG PEOPLE AND FIRST TIME BUYERS

    • c.3m older people in the UK aged 65+ want to downsize. 
    • If, overtime, all of those aged 65+ who want to move were able to do so, it would free up nearly two million spare bedrooms, predominantly in three bedroom homes with gardens, ideally suited for young families with children. 
    • The chain impact would be a major boost for first time buyers, with roughly two in every three retirement properties built releasing a home suitable for a first-time buyer in the housing chains created.
    • Overall, every Homes for Later Living property sold generates two moves further down the housing chain, and in certain circumstances this may be more. If 30,000 later living properties were built per year (10% of the Government’s overall housing target) this would mean at least 60,000 or more additional house moves are facilitated each year.