The latest Senior Housing Development report from estate agency Knight Frank[i] shows that the number of senior housing units is set to increase by nearly 10% over the next five years in a bid to keep pace with the rising 65+ population which is set to grow by 22% in the next 30 years to 15.1 million people.
Knight Frank also highlight a shift to providing more housing choices for older people and forecast the number of rental properties for seniors in the UK will increase by 166% in the next five years, from almost 5,000 currently to almost 13,000 by 2025[ii].
Nygel Scourfield, Chief Executive at retirement rentals brand, My Future Living says this reflects growing interest in renting in later life as more people become aware of the benefits it can offer.
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