Older people lack suitable housing options
Around 7.2 million over-65s would consider buying a bungalow, showing a strong demand for single-storey homes among the older population. With only two million bungalows ever having been built in the UK, however, it’s clear that demand far outstrips supply7.
As our population ages, more thought needs to be given to the provision of housing suitable for their needs. Living on one level minimises the chance of dangerous falls, while many believe that bungalows are easier for older people to maintain.
And, with many empty nesters living in homes that are now too big for them, more suitable housing provision for this age group would free up larger family homes for younger generations.
7McCarthy & Stone, 2019