2 March 2012 - The UK is in the midst of a rental boom according to Countrywide, the UK's largest lettings agent and property services group, with a 24% rise in the number of renters in the past 12 months.
The research revealed that couples under the age of 35 make up the largest proportion of new renters during 2011 however; there is a growing number of retirees moving into rented accommodation. Girlings Retirement Rentals, the market leader in retirement renting in the private sector, echoes this view reporting a huge demand for retirement properties within hotspots such as West and East Sussex, Dorset, Devon and Hampshire.
Peter Girling, Chairman of Girlings Retirement Rentals comments: “The increase in the number of renters reported by Countrywide is mirrored in the over 55s market. A greater number of the retired and semi-retired are realising the financial benefits of renting in retirement. They no longer want home ownership; they want to access their capital and are either selling their homes to downsize or moving from mainstream rental accommodation into purpose built retirement developments to benefit from a more social and community-led way of life.”
“One reason why we have seen an increase in later life renters is the availability of assured (life-long) tenancies as security of tenure is important for older people – they don’t want the upheaval that comes from renting a property on the standard six month Assured Shorthold Tenancy and move when the landlord gives notice. We are also seeing real demand hotspots emerging in Sussex, Dorset and Devon. We hope that the government will review and invest in the development of purpose built retirement developments as part of its housing review, particularly in these desirable areas.”
Girlings’ top ten retirement hotspots are:
- WEST SUSSEX
- EAST SUSSEX
Why rent a retirement property when you can buy? - 22 May 2012
More retirement homes needed if government ‘downsizing’ plan is to work - 19 January 2012
Could renting in retirement be your New Year resolution? - 11 January 2012
Girlings Retirement Options launches New Year sale - 10 January 2012
August's property of the month: Burnards Court, Bodmin - 10 January 2012
Campaigns & Issues
How you can help combat loneliness in your neighbourhood
A set of resources to help individuals, groups, communities and neighbourhoods take a closer look at – and to reduce – loneliness.
Joseph Rowntree Foundation and JRHT’s Neighbourhood approaches to loneliness has been a three-year action research programme exploring and identifying what makes us feel lonely, where we live and work and what we can all do about it – personally and professionally.
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Competitions & Fun
Win tickets to Eat Pray Laugh - Barry Humphries' Farewell Tour!
Global star and legendary entertainer Barry Humphries, whose creations include iconic Australian housewife Dame Edna Everage and the exuberant cultural attaché, Sir Les Patterson, takes his final bow across the UK with his acclaimed farewell tour, EAT, PRAY, LAUGH!
Barry Humphries has already bid farewell to audiences in Australia and New Zealand, receiving rapturous standing ovations and reviews, with further performances added across the tour, such was the demand.
EAT, PRAY, LAUGH! Will give audiences around the country a final chance to see Humphries – one of the world’s sharpest wits and finest comic talents, and a gigastar of stage and TV over the last 60 years – as well as allow the maestro to thank his many fans.
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Enter now and you could win one of the 31 travel treats from our Christmas Stocking.
Silver Travel Advisor is a friendly website packed with advice, tips, information and honest reviews written by and for silver travellers (aged over 50). A team of advisors are on hand to answer queries (for free), and you can share your own experiences too.
Health & Wellbeing
Preventing dementia through exercise
The Register of Exercise Professionals (REPs) welcomes today’s government announcement of the doubling of funding research into dementia.
The government committed to spend £52 million in 2012 to 2013, and up to £66 million by 2015; the ambition is now to double public, commercial and charitable R&D in dementia in the UK by 2025, supporting leading scientists, universities and other institutions in seeking the next breakthrough.
Property & Finance
MGM Advantage responds to FSCP annuity market findings
Andrew Tully, pensions technical director, MGM Advantage commented: "The annuity market is not working as well as it could for many people who retire each year.
"Too often we see people take the pension with the company they have saved with, without realising the benefits of shopping around, not only for the best rate but also the right shape of annuity, particularly taking into account health and lifestyle.
Leisure and Lifestyle
A third of drivers don’t enjoy it anymore
A third of drivers simply don’t enjoy driving anymore, according to a poll by road safety charity, the Institute of Advanced Motorists (IAM).
The main reason given for not enjoying driving on the roads was the cost of fuel (51%) closely followed by congestion (41%), no longer excited by driving (28%) and less leisure time (25.9%).
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