Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Letting Agents Highlight Shortage of Suitable Homes for Older and Disabled Renters
Disabled and older renters in the UK’s private rented sector are facing increasing difficulties in securing appropriate accommodation, according to Propertymark. The professional body for letting agents has raised concerns that the supply of bungalows and retirement properties is not keeping up with the rapid growth in older households across the UK.
Propertymark reports that nearly 867,000 households headed by someone aged 55 or over are now living in England’s private rented sector. The organisation warns that demand for suitable homes is expected to rise further as the population ages over the next decade.
This shortage places additional pressure on older renters, disabled tenants, and those seeking to downsize later in life. The issue is particularly relevant for letting agents and inventory clerks, who may encounter increased demand for accessible and age-appropriate properties in the coming years.
Source: Letting Agent Today