Future of an Ageing Population
gs-16-10-future-of-an-ageing-population
gs-16-10-future-of-an-ageing-population
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in home ownership rates – discussed in more detail below – which could lead<br />
to more older people living in rental accomodation. This could pose a problem<br />
because rented accommodation appears to be less likely to be adapted, unless<br />
it is social rental housing 96 .<br />
40<br />
Percentage <strong>of</strong> respondents (%)<br />
30<br />
20<br />
10<br />
0<br />
Moved to a more<br />
suitable home<br />
Health<br />
reasons<br />
Be nearer<br />
family<br />
Moved to a<br />
better area<br />
Fin<strong>an</strong>cial<br />
reasons<br />
Reason for moving<br />
Age group (years): Survey <strong>of</strong> 2,113 people aged 50+<br />
Over 50s Over 65s Over 75s Over 85s<br />
Figure 4.3: Reasons cited for moving home by age, 2004-2010 97 .<br />
Beyond improving supply, there is <strong>an</strong> opportunity to make it easier <strong>an</strong>d more<br />
attractive for older people to move home. One study found that 58% <strong>of</strong> people<br />
over 60 were interested in moving 98 <strong>an</strong>d evidence suggests that some <strong>of</strong> the<br />
most common reasons for w<strong>an</strong>ting to move, such as those relating to health<br />
or family, grow in import<strong>an</strong>ce as people get older (see Figure 4.3). Evidence<br />
also suggests there may be a fin<strong>an</strong>cial barrier to downsizing as it is rarely costeffective<br />
unless the home being sold is particularly large or expensive 99 . There<br />
are also emotional challenges, with some people moving from a home where<br />
they have lived for m<strong>an</strong>y years reporting a loss <strong>of</strong> autonomy <strong>an</strong>d control 82 .<br />
International Case Study:<br />
Intergenerational living in Spain<br />
Part <strong>of</strong> a programme <strong>of</strong> older <strong>an</strong>d younger generational engagement,<br />
Spain’s inter-generational buildings include rental homes for independent<br />
older people in which a pre-determined number <strong>of</strong> units are reserved for<br />
P54