25 Jul

Tenants getting older

Tenants getting older

There has been a significant rise in the number of older people moving into rental properties in recent years, according to new figures.

Data from the National Landlords Association shows the number of retirees renting homes increased by 13 per cent between 2012 and 2016.

Many older people opting for a rental home do so because they prefer not to have to deal with the maintenance issues involved in owning their own property.

Speaking to the Daily Telegraph, Linda Clarke explained she has been renting for five years and has no regrets about selling her three-bedroom semi-detached house.

She explained: "The house wasn't falling down by any means, but it needed updating. The kitchen was new in 1987.

"It's alright if you know a plumber, an electrician or a builder, but I didn't. I didn't feel I was in a position to fix up the house myself."

However, there are concerns that many developers are not recognising this new trend in older tenants, with projects often creating properties that are unsuitable for older people.

Chris Norris, head of policy at the National Landlords Association, explained properties are often in shared blocks with stairs and no lift.

"Developers don't tend to consider the size of a property in square feet. But when someone is downsizing from a family home to a two-bed flat the difference in space can be quite a shock," he added.ADNFCR-1222-ID-801838183-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.