Abstract
Taiwan’s declining birthrate has changed the housing market, which should become more consumer-oriented in the future. In particular, age-friendly housing has become a salient housing choice among buyers. Age-friendly housing consists of housing units that are suitable for occupants of any age. There are three concepts underlying such housing: aging in place, multigenerational-multiunit living arrangements, and lifetime homes. This study aimed to examine the factors affecting consumers’ choice of age-friendly housing. The participants were residents of Kaohsiung City, and data analysis was performed using a binary logistic model. The empirical results indicated that adult sons/daughters, residents who currently live in the city center, residents who have a high or medium monthly family income, residents who are currently part of a stem family, residents who desire to live under multigenerational-multiunit living arrangements, residents who desire to be a part of a stem family, and residents who prioritize housing type when house-buying are significantly more likely to choose age-friendly housing. These results can serve as a reference regarding age-friendly housing investments for investors, as well as for house buyers who are deliberating between age-friendly housing and ordinary housing.
Highlights
Taiwan’s current population structure is reflected in the living arrangements of its citizenry, and is noticeably exhibiting an aging trend, a sub-replacement fertility rate, and a preference for smaller houses
The results showed that a multigenerational-multiunit living arrangement was healthier than living with people in the same age group
The empirical results showed that compared to their parents, adult sons/daughters were more accepting of age-friendly housing, a new housing type that offers a better quality of living
Summary
Taiwan’s current population structure is reflected in the living arrangements of its citizenry, and is noticeably exhibiting an aging trend, a sub-replacement fertility rate, and a preference for smaller houses. Population aging: In 1991, the World Health Organization (WHO) delineated the indicators of the United Nations Proclamation on Aging. Based on these indicators, a society is an “aging society” when over 7% of its population are aged 65 years and above; an “aged society” if when rate exceeds 14%; and a “super-aged society” when that rate exceeds 20%. Last accessed on 2019.8.19.)Sub-replacement fertility: According to the statistics of the Ministry of the Interior, Taiwan’s population decline began in the 1980s when its birth rate decreased annually by 10,000–20,000 births from an initial figure of.
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