The Later Living Market has the potential to transform a large part of the housing sector due to its cyclical nature. With an ageing population who are often keen to downsize, new developments that see to their unique needs, such as apartments with accessible amenities and designs for restricted mobility, could release larger occupied properties for first-time buyers and families in need of homes.
Cast’s report provides research and insight into how the Later Living sector is increasing residential product choice and the quality of housing in the market via more holistic development ideas, such as wider community planning and attention to detail in home design.
This tailored approach creates a more aspirational and accessible form of living that starts for people in their 50’s till later life but requires thorough planning and research into the exact needs of the community, as highlighted in the report.
