Report calls for more support to help older people downsize

13 September 2013

Yesterday saw the launch of a new report by Demos, the think tank, which called for more support for the millions of older people who wish to downsize but are struggling to find suitable housing. 

The report tackles the Government's response to the housing crisis and their current focus on increasing home ownership for first-time buyers.  It argues that the building of retirement properties for older people should be encouraged because:

  • A quarter (25%) of over-60s expressed particular interest in buying a retirement property - a total of 3.5 million people.
  • More than eight in ten residents reported feeling happier in their new home.
  • Almost 45% of residents reported having better contact with family and friends; with a further 48% reporting no decrease in contact.
  • Half of home-owners said that their energy bills were lower.
  • Residents reported spending less time in hospital and nearly a third felt that their health had improved since moving.

The report also noted that that there was £400bn tied up in homes of over-60s who want to downsize.  

The findings from the report have led Esther Rantzen CBE to launch a campaign urging planning reforms to ensure the needs of older people are met. The Campaign for Housing in Later Life seeks to raise the profile of later life housing so older people are aware of the benefits it provides.

McCarthy & Stone is proud to be part of this campaign, which brings together a huge range of housing providers and charities with an interest in improving housing for older people.

How to get involved

If you are a McCarthy & Stone homeowner or someone who has felt the benefits of the type of housing we provide, you now have the opportunity to get involved.  You can sign the petition or contact your MP via our pre-written email via our website.

Further information on the Campaign for Housing in Later Life can be found at www.housinginlaterlife.co.uk or if you’re on Twitter follow the conversation at #GenerationStuck.

To read the full press statement for the Top of the Ladder report, click here.

Download the report here.

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