Moving out of home ownership in later life

What is it about?

Even though home ownership is often seen as the preferred tenure, moving to a rental home might be necessary or attractive in certain circumstances. We study the impact of changes and situations in the family and housing careers on the likelihood of leaving home ownership in later life. It is concluded family and housing related situations, such as widowhood and separation, have a short- and long-term impact on the chances of leaving home ownership in later life.

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Why is it important?

We find evidence of both an immediate and long-term effect of family and housing on the likelihood of leaving home ownership. This analysis was the first to examine both the immediate an long term effect of widowhood. With more people living alone, living independently and living longer, the demand for rental dwellings might increase in the long run. This study reveals that changes and situations that occurred longer ago need to be considered in order to understand future challenges.