28 December 2018

The number of people still privately renting their home after they have retired has doubled in the last decade under the SNP, Scottish Labour can reveal.

In a new sign of Scotland’s deepening housing crisis, the number of permanently retired adults living in the private rented sector has gone from 20,000 to 40,000 in the last 10 years.

In 2017, a Scottish Widows report found that renters planning to retire in 15 years' time need to save an additional £525 every month into their pension to cover increasing housing costs.

This is particularly worrying given recent statistics showing that that the cost of private rented housing has soared above inflation in many parts of the country.

And Scotland was recently found to have a higher pensioner poverty rate than the rest of the UK by the Social Metric Commission.

Scottish Labour’s housing spokesperson Pauline McNeill said:

“Scotland’s housing crisis is deepening, and it is a crisis not just facing young people.

“Around 40,000 retired adults are now forced to privately rent, eating away at their pension and risking being pushed into poverty.

“It is clear that our country needs radical action to fix this crisis in our communities.

“That is why the next Scottish Labour government will introduce a rent cap with a Mary Barbour law and build 12,000 new homes for affordable social-rent.

“Only Labour has the radical vision to give Scotland the real change it needs to ensure we have a country that works for the many, not the few.”

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