The number of specialist homes for older people will need to increase by 400,000 units in less than 20 years according to a new report by the Local Government Association (LGA) – an increase of 75 per cent.
With one in five of the overall population in England set to be over 65 in a decade, the LGA argues that a “residential revolution” is required to provide more homes to support our ageing population.
Currently only 0.6 per cent of over 65s live in specialised accommodation – 10 times less than in more developed retirement housing markets such as the USA or Australia.
The LGA report follows a recent JLL study which concluded that only half of the number of care home beds we will need in the future are currently being built, warning that 3,000 older adults will not be able to get beds in UK care homes by the end of next year.
The report concluded that the UK needs to double the rate of care bed delivery over the next decade.
A recent study published in the Lancet, and reported on the Arpal Group Blog, predicts that an extra 71,215 UK care home places will be needed within the next eight years as life expectancy and care needs rise.
Full story here.
The full report is available to read here: ‘Housing our Ageing Population’