According to a recent New York Times story, senior living communities with an emphasis on luxury are rising in popularity around the United States.
Property Week’s third Retirement Living conference took place at RIBA on November 6th. It came at a critical juncture for the sector with both positive and negative factors jostling for supremacy.
For almost a year, specialist retirement builders have been crippled by fears that the Government would prevent it from charging ground rents, which has been critical to help it fund communal spaces at their developments, from which all residents benefit.
Compared to UK retirees, our American counterparts live in almost an alien world.
UK pensioners enjoyed a silver equity boom last year as the total value of their properties rose to a record £1.1trillion.
Retirement villages allow you to enjoy your later years in lovely surroundings, with often terrific facilities. But there may be a financial sting in the tail to consider too.
Retirement properties are in high demand in the UK. Fuelled by equity-rich seniors with a high disposable income and greater life expectancy, retirement developers are now having to up-spec their properties to capture this growing market.
We are proud to have been featured in the July 2018 edition of Show House magazine with the following story. Many thanks to our friends at Saxon Weald who were happy to endorse us for the article.
Knight Frank has released its latest retirement housing report, revealing that the private retirement market is estimated to reach a value of £44bn by 2022, reflecting a 50 per cent increase.