Debunking Bungalows and the Call for Holistic Later Living Housing
Neil Moy, Managing Director of Finance at Paragon, explores the need for the UK to move beyond its fixation on bungalows and adopt a more holistic approach to housing for an ageing population.
The UK's ageing population presents a significant housing challenge, with the Office for National Statistics projecting a growth of nearly 5 million people aged 65 and over in the next two decades.
The current debate around housing for older people remains frustratingly narrow, focused on the nostalgic appeal of bungalows.
As Managing Director of Development Finance at Paragon Bank, Neil Moy's team has funded the delivery of over 13,000 homes since 2018, working closely with SME developers across the UK. Many of these developers would like to build bungalows, but the economics are not viable.
Author's summary: The UK needs a holistic approach to housing for its ageing population.
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