• The Affordable Housing Investment Conference is coming up on Tuesday 8th September
  • The Global Student Housing Conference will take place on 22nd September 2020

Events Diary

Affordable Housing Investment 2020

Tuesday 8th September 2020

Student Housing 2020

Tuesday 22nd September 2020

Resi Development & Site Finding 2020

Wednesday 23rd September 2020

latest news

What do government changes to planning mean?

The planning process is one that has been notoriously bureaucratic and behind the times. However, with most workplaces still closed, organisations have had little choice but to take business online and adapt to new ways of working, including local authorities. So what has changed in planning and viability since then?

The housing market reopens: what next?

The welcome news that the housing market was to reopen came on 13th May, as the government announced the first steps towards easing the lockdown’s practical restraints. What has happened since and what are the predictions for the next few months?

What’s the outlook for student housing after COVID-19?

Amidst a global pandemic that no one saw coming, events all over the world cancelled or postponed and students currently being taught exclusively online, the once seemingly untouchable student housing market has a whole new realm of challenges. We’re looking at the latest within the student housing sector and the considerations experts and educational institutions must now face.

The evolution of retirement living

It’s a known fact that the current UK population is ageing. With people living longer than ever before, around 23% of the population is made up of those aged 60 or over[1], meaning we also have a much greater span of ages that are determined as ‘elderly’. As such, retirement living has had to evolve in recent years, providing options outside of the traditional care home and considering other aspects of senior living outside of the stereotyped mindset.

We’re taking a look at the evolution of retirement living so far to analyse key drivers and challenges within the market.

Changing demographics

As we’ve already highlighted, we are living longer lives than ever before and advancements in healthcare and technology mean we are better able to manage health conditions and remain independent. On top of this, it’s predicted that the 90yrs+ demographic is set to rise by around 33% by 2027[2]. Such significant changes in demographics mean there is a greater need for retirement housing stock to diversify and provide more suitable options for different cohorts.

Economic situations driving new

Another key driver of the growing retirement housing sector is the economic benefit that long-term homeowners are realising in terms of downsizing. Releasing housing wealth allows homeowners in their retirement years to improve their living standards and enjoy the type of lifestyle they had envisioned.

From an investment point of view, the outlook is currently favourable as different retirement housing sales models cater to different price points and levels of investor involvement and can provide both short and long-term investment for developers.

Challenges in housing stock

As discussed within our interview with Savills’ Lawrence Bowles, we are seeing a contrast between the current retirement housing stock available compared to what is needed, as it is clear that greater housing delivery is needed to meet the needs of a growing older population. Current planning application restrictions are contributing to challenges around the amount of stock being released to market, both in terms of new delivery and redeveloping land lots.

As well as challenges in housing delivery, much of the existing stock is desperate for refurbishment, as over half of current specialist retirement housing was built or last refurbished over 30 years ago[3].

Diversity of investment

Growth in the retirement living and care home market has largely come from the private sector in recent years, although we are seeing greater diversity if terms of the type of investors coming to market and retirement homes models they are opting for. Notable investments within the last few months alone include Audley Group forming a joint venture with Schroders and Octopus Real Estate, spreading out capital investment and sharing expertise in development and operation to provide quality, new developments.

Join us for the 10th annual Care Homes and Retirement Living conference on Tuesday 26th November 2019, where we will be discussing opportunities and challenges within the senior living market, looking at where investment is coming from and analysing trends in the industry.

You can book your place via the LD Events website here. Alternatively, sign up to receive our email newsletter and we’ll send updates and reminders about our conferences straight to your inbox.

[1] https://www.mha.org.uk/news/policy-influencing/facts-stats/

[2] http://thinkhouse.org.uk/2018/knight.pdf

[3] https://pdf.euro.savills.co.uk/uk/spotlight-on/spotlight---retirement-living.pdf

Posted: 09/09/2019
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