- Attendees at roundtable agree that Government must launch the proposed Older People’s Housing Taskforce urgently to address supply-side barriers
- Policy changes proposed to substantially increase the number of properties built specifically for older people, from c.7,000 homes a year to 50,000*
The Government urgently needs to increase the supply of housing for older people given the UK’s ageing population, a roundtable discussion featuring parliamentarians and representatives from across the housing industry has concluded.
The roundtable, hosted by The Rt Hon Damian Green MP, Chair of the All-Party Parliamentary Group for Adult Social Care, included representatives from the Retirement Housing Group, the Associated Retirement Community Operators and the Home Builders Federation, and discussed issues relating to the provision of housing for older people. Attendees agreed that there have been years of under supply despite the ageing population and called for government support to address this imbalance.
Discussing the benefits of retirement housing, Mr Green spoke about how increasing its supply would free up housing for younger people when older people downsize. Others noted that retirement housing helps reduce the impact of the ageing population on the NHS and social care system.
Attendees also discussed how barriers to building more housing for older people can be overcome. They agreed that planning is the key barrier, and called for reforms to specifically encourage the supply of retirement housing. This included stronger local and national guidance, putting retirement housing on the same basis as homes for first time buyers to incentivise supply, setting clear targets for delivery and supporting greater consumer understanding of this important sector.
Damian Green MP commented: “Our population is ageing rapidly and retirement housing supply is not being provided at the rate needed. Just c.7,000 new retirement housing properties are delivered annually, versus the estimated demand for 50,000. The Government has promised to create a taskforce to address this, which has the opportunity to change the status quo, and be bold and ambitious in its mission to make specialist homes for older people a priority. Tackling these important issues has cross-party support and would have a transformational effect on the wellbeing of older people.”
Concluding the roundtable, attendees agreed that retirement housing must become a higher priority for the government, and called for it to urgently launch the proposed Older People’s Housing Taskforce, as promised in the Levelling Up White Paper in February 2022.
Mr Green has subsequently written to Housing Minister Lucy Frazer MP and Social Care Minister Helen Whately MP to call for its launch.
Attendees at the roundtable in November included the Rt Hon Damian Green MP, Lord Best, Peter Aldous MP, the Retirement Housing Group (RHG), the Associated Retirement Community Operators (ARCO), the Home Builders Federation (HBF), the Housing LIN, Anchor, Savills, Churchill Retirement Living, McCarthy Stone, Prof Les Mayhew and Beechcroft.
Knight Frank reported in July 2022 that just 22.3% of local authorities have adequate planning policies in place for older people’s housing.
*Knight Frank and the Retirement Housing Group have estimated demand for retirement housing is around 30,000 new properties a year. New research from Prof Les Mayhew at the ILC notes demand could be as high as 50,000 new properties a year. Knight Frank estimate that current supply is around 7,500 new units a year.