22025_The Future of UK Housing Supply_v2

A VARIETY OF CHOICE

The city of 2040 will offer households a greater choice, with a diverse range of living products to suit everyone’s needs.

STUDENTS

Purpose-built student accommodation will continue to thrive. The number of students in the UK is set to reach xxxxxx by 2040 so we will see more student homes built, particularly in undersupplied cities such as xxxxxxx.

CO-LIVING

Co-living’s flexible lease lengths and city centre locations will attract the growing number of digital nomads. The schemes will help younger generations fly the nest, offering lower rents than Build to Rent.

BUILD-TO-RENT

We will start to see diversification of Build-to-Rent products.

The mid-market will provide affordable homes within a short commute of cities and towns. These homes will help address the rental crisis. There is a chronic shortage of stock across the UK, and it is creating a lack of affordable products for those on lower incomes. The premium Build to Rent market will appeal to city professionals or families who want to embrace an urban lifestyle. They will have a vast array of amenities and primarily be in prime locations.

SINGLE FAMILY HOUSING

Our ageing ‘generation rent’ will benefit from the growing Single Family Housing sector. Younger generations who align more with The Grid and Social Animals will also be attracted to the Single Family Housing offering. Long lease lengths will be offered in Single Family Housing, and this will be particularly attractive to families with children in local schools.

INTEGRATED RETIREMENT COMMUNITIES

Integrated Retirement Communities (IRC) will help solve the ageing population crisis the UK is set to face. IRC will support retirees’ lifestyles, providing restaurants, cafes, hairdressers, gardens, events, and 24-hour onsite care. Retirement homes will be close to town centres, helping create integrated, safe and social communities. The more IRC we deliver, the more family homes we will free up for younger generations.

18 The Future of UK Housing Supply |