6 Jun

Retirement home wants revealed

Retirement home wants revealed

Older people in the UK have revealed what kind of property they desire when they retire.

A study by Strutt & Parker highlighted that 73 per cent of people have no plans in place for accommodation during their retirement, with 42 per cent feeling there is a shortage of suitable properties available.

The research revealed a very different approach to retirement compared to previous generations, with many unsure about traditional retirement housing.

A total of 41 per cent would like a six-month trial before permanently relocating to a retirement community property and 17 per cent would consider a managed rental home.

However, there was strong support for homes with lower maintenance commitments, as well as 26 per cent expressing an interest in properties with fewer stairs and living aids such as walk-in showers.

“There is a clear need for a new breed of retirement communities in the UK. The baby boomers have voiced objections to living in the same way as their parents in retirement,” said Stephanie McMahon, head of research at Strutt & Parker.

She added: “Often in good health, with decent pensions and active lifestyles, they want to live where they can continue to enjoy their established way of life, minus the day job. They want access to local culture and recreational facilities such as theatres, farmers’ markets and swimming pools but also accommodation that is flexible enough to meet their future care requirements.”

The survey also revealed a desire to reduce outgoings by investing in energy efficient options and better insulation.ADNFCR-1222-ID-801836573-ADNFCR

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