Housing an Ageing Population

The UK's ageing society presents massive challenges for the wider economy. The effects from our ageing society are only just beginning to play out on the wider economy but the effects on the housing market are more apparent, with a market that is deeply unequal. It would be politically, socially and ethically wrong to force people from their homes. However, the generation now approaching retirement will be more accustomed to moving up the housing ladder rather than living in just one family home. Attitudes are changing with surveys indicating there is a frustrated and growing desire to move in older age, albeit at lower rates than younger age groups. Unlocking the equity built up by the over-65s and making more efficient use of housing stock are key opportunities to redress this imbalance.