Housing Issues

The number of households in the private rented sector in the UK increased from 2.8 million in 2007 to 4.5 million in 2017, representing an increase of 1.7 million (63%) households.
Younger households are more likely to rent privately than older households; in 2017 those in the 25 to 34 years age group represented the largest group (35%).
The latest data published by the Ministry of Housing, Communities and Local Government shows an overall increase of 22% in the number of affordable homes delivered across England in 2018/19 to a total of 57,485. However, only 66% were for rental use, compared to the 78% delivered five years ago and the 84% delivered in 2010/11.

Inability to save for a deposit due to low incomes and expensive private rental market.
Demand significantly exceeds supply.
6-month ASTs prevent tenants putting down roots in the community.
Significant reduction in the delivery of affordable housing and routes to home ownership.
Younger generation and in particular those in higher education or working in social care have low incomes and no ability to access housing market.

Only 2% of UK housing stock consists of retirement/downsizing dwellings.
Over the next 15-years the number of over 65s will increase by 50% to 17 million.
The majority of new housing for the over 55s is currently located in urban areas and comprise predominantly of apartment schemes (McCarthy & Stone, etc.).

A large number of elderly people are living alone in unsuitable accommodation.
Isolation and loneliness are growing issues and they create significant implications for health and social care services.
Many elderly are asset “rich” but cash “poor” and would benefit from releasing equity through downsizing.