We need to build a lot more retirement housing – but how?

Purpose-built retirement properties make a lot of sense for everyone – not just the elderly. We need a lot more of them. But, asks Merryn Somerset Webb, what’s the best way to create them?

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We need to build a lot more retirement properties. But what's the best way to create them?

Every time I write about downsizing someone quite rightly points out that it is easier in theory than in practice. Leaving the large lovely houses you have brought your children up in isn't ever easy. But it's made even harder in the UK by the lack of houses being built for older people to move into.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.