Later Living: Widening Choice In The Housing Market

05/18/21  / By Cast
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3 minute read
 
Later Living: Widening Choice In The Housing Market - Cast
05/18/21  / By Cast
Share
3 minute read

The Later Living Market has the potential to transform a large part of the housing sector due to its cyclical nature. With an ageing population who are often keen to downsize, new developments that see to their unique needs, such as apartments with accessible amenities and designs for restricted mobility, could release larger occupied properties for first-time buyers and families in need of homes.

Over
18,000
units per annum need to be delivered to meet project demands

More than
14,000
centenarians will receive a birthday telegram from the Queen by 2040

Over
80%
of the nation’s wealth sits with the over 50s

Percentage of people over 60 living in Retirement Housing in the UK, Australia and USA

Cast’s report provides research and insight into how the Later Living sector is increasing residential product choice and the quality of housing in the market via more holistic development ideas, such as wider community planning and attention to detail in home design.

This tailored approach creates a more aspirational and accessible form of living that starts for people in their 50’s till later life but requires thorough planning and research into the exact needs of the community, as highlighted in the report.

 
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