Sustainable Real Estate Financing Of Residential Development For An Ageing Society In The United Kingdom.

Conference paper


Ogbenjuwa, L. (2017). Sustainable Real Estate Financing Of Residential Development For An Ageing Society In The United Kingdom. ARCOM DOCTORAL WORKSHOP. Dublin, Ireland 09 - 09 Mar 2018
AuthorsOgbenjuwa, L.
TypeConference paper
Abstract

The availability of financing is essential for real estate development in both the developed and the emerging economies. The focus of real estate financing over the years has been on the active work force. However, there is a growing market for the ageing population. The Office for National Statistics noted that, as at 2015 the ageing society over 65years in the United Kingdom was 11.5 million people, which represented 17.8% of the total population. This figure is expected to rise to 24.6% by 2045. It is therefore important that adequate financing be provided to enable the development of residential real estate for the ageing population. The aim of this study is to identify the types of real estate financing available for residential development for the ageing society. The literature review found that a variety of options are available for financing homes for the ageing society taking into consideration their specific needs during construction, renovation and operation of the facilities . The interim findings suggest that, there is a growing market for real estate for the ageing population but challenges remains and there is gap in financing which needs to be addressed to ensure a sustainable and inclusive to real estate financing that caters for all segments of the society. The study is part of a PhD research on strategic approach to real estate financing in the developed and emerging economies. The next stage involves further development of literature review to address other sectors, development of questionnaires for surveys and in-depth case studies, focusing selected developed and emerging economies.

KeywordsAgeing society, real estate financing, sustainable financing
Year2017
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Publication dates
Print15 Sep 2017
Publication process dates
Accepted15 Sep 2017
Deposited01 Mar 2022
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