1 in 4 privately rented home to have tenants over the age of 55 by 2035
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).