Research

Later Living: The £30bn Baby Boomer Challenge

An ageing population will require an additional 75,000 later living homes and 30,000 care homes over the next four years, JLL research finds.

May 20, 2022
Contributors:
  • Emma Rosser
  • Daniel Thorpe
  • Simon Hodson
  • Nick Whitten
  • Anthony Oldfield
  • Emma Glynn

Rising costs for housing and an ageing population mean the UK faces a £30bn funding requirement in 2025.

A generation of Baby Boomers in retirement will require an additional 75,000 later living homes and 30,000 care home beds, over the next four years, JLL research has found.

This £30bn challenge, to supply enough homes to maintain the same level of provision for the ageing population, comes as alongside an anticipated £25bn bill to fund the care home industry.

The numbers show the true scale of the crisis in housing for older people and are a call to action to the government and the industry.

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