Rafal Chomik and Sophie Yan
This brief is in three parts. It first tackles the dynamics of the housing purchase in working life, describing the patterns of housing tenure across generations, demographic and market dynamics, the likely future effects of demography on housing demand, and the policies that can affect home purchase outcomes, particularly taxes. In part two, the brief considers housing consumption in old age, discussing the retirement income context, the value and distribution of housing wealth, the preference of older people for remaining in their community, and how older people bequeath or can make better use of the equity in their home in retirement. Finally, part three tackles housing lack in old age, describing the implications and vulnerabilities that arise from renting in retirement. Overall, the brief provides a broad stocktake of research that touches on many different areas of housing-related policy.