Today Grant Shapps has talked about making it easier for the elderly to downsize, Pegasus Retirement Properties’ Chairman (and former Chairman of the HBF’s Retired Housing Group), Peter Askew, has been saying this for a while.
SHORTFALL IN RETIREMENT PROPERTY REACHING CRISIS POINT

· The number of people aged over 65 years will increase by 65% in the next 25 years.
· The number over 85’s will double in the next 20 years and triple in the next 30 years.
· There are now 14 million people in the UK aged over 60.
· Over one third of total UK population is over 50 years of age.
· Source: AGE UK

Where will they all live?

Older people who want to downsize are being ignored by developers and planners and, according to Pegasus Retirement Properties, a major crisis is looming because soon there will not be enough retirement properties for the over 65’s to live in. As care for the elderly once again hits the headlines, the wider question of homes and care could be addressed more...