Priced-out pensioners escape the grey UK and get away for 2014
A new report from the Office for National Statistics (ONS) has revealed one in every four retired households across England and Wales are currently renting their home, citing that pensioners living in big cities are being forced to rent because they have been priced out of the property market.
- 1 in 4 retired UK households currently renting their home (ONS)
- Rise in number of pensioners using equity release to boost income
- 58% of older people keen to move with 1 in 4 interested in retirement property (Demos)
Indeed, recent years have also seen a rise in the number of pensioners seeking to boost their incomes by unlocking cash from their home using equity release products and looking overseas for alternative accommodation.
According to polling by Demos, a think-tank, 58% of older people are keen to move with one in four interested in the idea of a retirement property, but have few options. Britain has just 106,000 purpose-built owned retirement homes. Most one-bedroom and two-bedroom flats are built for first-time buyers, with little of the storage space and practical adaptations that older people need.
, Co- Founder
of Sun Park Living
, a private gated community resort exclusively for those who are retired and active, located on the year-round sunny and warm Canary Island of Lanzarote comments,
“Testament to the growing trend of older generations looking abroad for alternative retirement accommodation, Sun Park Living is now fully booked for the 2013/14 winter season. Today’s over 50s are seeking greater value for money, to enjoy the warm weather we have here in Lanzarote every day, in a simple dream retirement property purposely built for their needs, housing stock which is somewhat lacking in the UK.
“Here at Sun Park Living we offer hassle free-accommodation which is rental only. No bills to pay. No maintenance to worry about. No central heating problems. Just an affordable fixed 4 weekly payment with an extremely low cost of living compared to the UK. This enables residents to leave retirement property worries at the door and start living stress-free in their golden years.”
So what are you waiting for? Escape the grey and get away to Sun Park Living today, a “Home from home” for the over 50’s.
Enjoy staying on the ever sunny island of Lanzarote on your own terms, with self-service and self-catering accommodation within an enclosed, self-sufficient community of English speaking 50+ singles and couples.
For more information about Sun Park Living visit the website at www.sunparkliving.com
or call 0161 408 3360. You can also follow Gil and the team on Twitter or Like them on Facebook.