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PURPOSE-BUILT RETIREMENT HOUSING FOR SALE
Authors:MALCOLM PARRY  STEPHEN BAKER
Abstract:Sheltered housing for the elderly has traditionally been provided by local authorities and charitable organizations but it seems that they can no longer meet the housing needs of this group. In the last few decades, there has been a significant rise in home-ownership amongst retired people. Two features of this are important. First, those retired people who have been used to owning their own homes may be unwilling to consider somewhat institutional types of housing. Second, as a group, although eligible for specialist retirement housing provided by local authorities and charitable agencies, elderly owner-occupiers find it nearly impossible to qualify for such accommodation as they are not considered to be in need. Recently there has been a move by the private sector to provide purpose-built accommodation for sale to the elderly. How far the needs of the elderly can be met by this type of housing was investigated in two related studies. The first involved interviewing a sample of residents living in sheltered accommodation, while the second study surveyed respondents of retirement age at present living in ordinary housing. The investigation has shown that a considerable demand exists for purpose-built housing for sale to the elderly.
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