Downsizing and why Britain needs a plan to house our elderly
Such work played a role in ExtraCare winning the Outstanding Approach to Innovation award at the UK Housing Awards, which recognises innovative methods, the creation of cost savings and the delivery of better outcomes for people.
Yet despite the clear benefits, as our work proves and the APPG report stresses, only 1% of British people over the age of 60 live in tailor-made retirement homes. The government, meanwhile, is focused on measures catering to young first-time buyers, like Help to Buy and Starter Homes.
ExtraCare has already lobbied politicians on the fact that the over 60s interested in downsizing are currently sitting on £400 billion of housing wealth, which could be used more effectively (the equity could supplement falling pensions or pay for care bills). There are also environmental benefits when housing is built to energy efficient and sustainable standards on centrally located brownfield sites (as the majority of our village-style developments are).
Among the solutions are for the government to focus on the housing and care needs of older people, and for planning reform to encourage a new breed of purpose-built retirement homes.
Older people seem invisible in property and housebuilding strategies. Yet ignoring their housing needs – and in particular, failing to combine their living requirements with their care and wellbeing support – is inefficient and means potential social, health, care and public finance benefits remain untapped.
Mick Laverty is chief executive of The ExtraCare Charitable Trust.
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