Older renters of the future

Posted on Wednesday, April 6, 2022

  • More than one in four private rental households could be headed by a person over the age of 55 by 2035 according to a new report by the Social Market Foundation.
  • A greater proportion of current renters in this age group consider an unfurnished property and the length of tenancy priorities than those aged 18–34 and 35–54.
  • In terms of the neighbourhood they choose, proximity to local shops and closeness to family and friends are top considerations, with access to healthcare a key consideration for the future.
  • Research has found that renters aged 55+ are less likely to pay a premium for additional facilities within their property compared to younger generations (Dataloft, Property Academy 2021).