{"id":43992,"date":"2018-07-31T15:40:50","date_gmt":"2018-07-31T14:40:50","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=43992"},"modified":"2018-07-31T15:40:50","modified_gmt":"2018-07-31T14:40:50","slug":"research-reveals-most-desired-retirement-property-features","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/building-control-news\/research-reveals-most-desired-retirement-property-features\/43992\/","title":{"rendered":"Research reveals most desired retirement property features"},"content":{"rendered":"

Commercial property company Savoy Stewart\u00a0<\/a>analysed findings from Knight Frank\u00a0<\/a>to find out the features and facilities\u00a0older generations would be most willing to pay a premium for when considering a retirement home<\/h2>\n

The group discovered that a \u2018<\/strong>dedicated secure parking space\u2019 is the most wanted feature\/facility that 25% of singles and 31% of couples aged between 50-64 years old would be most willing to pay a premium for when seeking a retirement home.<\/p>\n

However, the same couples would equally opt for a \u2018en-suite bathroom in each bedroom\u2019 when deciding upon a retirement home too.<\/p>\n

On the other hand, walk-in wardrobes were seen as the least desirable asset, garnering interest from only 12% of singles and couples asked in the survey.<\/p>\n

Air conditioning was ranked pretty low too with only 15% of singles and 13% of couples deeming it a feature worth paying more for.<\/p>\n

Darren Best, Managing Director of Savoy Stewart said:\u00a0<\/strong>\u201c<\/em>The demand for specialist retirement properties is only set to increase in the future as the general population lives longer<\/a>.<\/p>\n

“As private landlords and developers cater to this demand, by designing and constructing new retirement living units, they should wisely deliberate over the various wants and needs of the elderly.<\/p>\n

“This research certainly shows that there are features and facilities that elderly Brits desire and would be more than happy to pay a premium for.<\/p>\n

“Whilst some features and facilities are prioritised over others, they all provide a fantastic blueprint for private landlords and developers as to what the older generations are ideally expecting when they envision a good retirement property\u201d.<\/p>\n

Further findings found that 12 million people aged 65 and over will be living in England by 2026. This has been enabled by pioneering advancements in medical technology<\/a>, allowing individuals to better manage their health and, consequently, live longer.<\/p>\n

The South East will benefit from 2,733 the new private retirement homes, with the South West\u00a0set to gain the next most new private retirement units at 2,060.<\/p>\n

However, the North East are expected to receive only 79 completed retirement living units by 2020 and Wales will get just 125 completed units within the next two years.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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