The private rented sector is playing an increasingly important role in housing older people, with many relying on short-term tenancies to meet their housing needs. However, a growing shortage of suitable homes is causing concern for agents and renters alike.
According to a recent statement by a trade body representing estate agents, the shortage of accessible homes for older and disabled renters is becoming a major issue. The organisation highlighted that the private rented sector is often the only option for those who cannot afford to buy or rent a suitable home through the social housing sector.
The shortage is attributed to a combination of factors, including a lack of new-build homes, a shortage of existing properties that meet accessibility standards, and a surge in demand for rental properties. This has led to a situation where many older and disabled renters are struggling to find suitable homes, with some being forced to wait for extended periods or settle for properties that do not meet their needs.
Agency leaders are now warning of the consequences of inaction, citing potential increases in homelessness and a strain on local authorities. They are calling for greater investment in accessible housing and for the government to take action to address the shortage.
The issue is particularly pressing in regions with high demand for rental properties, such as London and the South East. According to data from the property portal Zoopla, the average rent for a one-bedroom flat in London is now over £1,400 per month. Meanwhile, a report by the Halifax Building Society found that the number of first-time buyers in the region has fallen by 20% over the past year.
Agents are urging the government to take a more proactive approach to addressing the shortage, including investing in accessible housing and reforming the planning system to encourage more new-build homes. They also want to see greater support for renters, including more protections against unfair eviction and higher standards for property condition and maintenance.