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News Release

JLL comments on measures to boost retirement living supply in the Housing White Paper

London, 8 February 2017 - Commenting on the government’s Housing White Paper, Phil Schmid, Director in JLL’s Healthcare team, said: “There is a vast supply imbalance in the UK retirement housing market particularly in the mid and upper ends and it’s questionable how far the housing white paper has appreciated and addressed this.

“Whilst there are obvious difficulties in encouraging people to make what is an emotive move, helping them do something they may not have done for 20 or 30 years, the key issue remains the lack of choice and places for people to downsize to; appropriate and attractive homes and the right locations are of far greater importance.

“It will therefore be interesting to see how the introduction of specific guidance for planning authorities on housing for older people will actually impact on the type and shape of retirement property built.

“While our clients appreciate seeing retirement housing moving up the agenda, the proposals fall short once again. With over 65s expected to account for 20% of the population by 2020, these issues need to be addressed sooner rather than later so that we can see developments being delivered and a substantial increase in the provision of retirement accommodation which encourages a proactive move.”