tips, news and advice

First time buyers… always in the news – but what about last time buyers?

Published: 13 June 2019

A recent report featured in the Financial Times has reported that “housing policy needs to focus on last-time buyers” to stand a chance of solving the UK’s housing crisis. This blog looks at the changes in the market and looks at options of where to find luxury retirement apartments for sale.

The FT reported that, rising longevity means that people aged 65 today can expect to live another 23 years. There are 11.6m people of retirement age now, but this is forecast to grow to 17.4m by 2040 — a faster rate of increase than for other age groups.

The number of older people living alone is forecast to increase to 11m by 2040, including 1.9m people over the age of 85. At the same time, there is a shortage of suitable retirement apartments for sale for people aged over-55 wishing to downsize.

This had led to an increase in under-occupied properties and a shortage of full-sized homes for young families. Prof Mayhew advocates tax incentives for older people to downsize and a targeted housebuilding policy.

In many articles it is stated that there is not enough retirement apartments for sale for the Over 55’s.

Retirementmove in an independent retirement estate agent so are not tied to any retirement house builders such as McCarthy & Stone or Churchill Retirement. There is a myth that people with a McCarthy & Stone flat can only sell through McCarthy & Stone but this is simply not true.
In addition, Retirementmove specialise in selling retirement flats so have decades of expert knowledge and can offer expert advice about the facilities available in the retirement developments, thus, helping people to find their dream retirement home that is right for them and they only wish they had made the move sooner.

Retirementmove have over 300 luxury and standard retirement properties for sale right now – if you are thinking of downsizing then why not take a look and see what is available? Here is a full list of the retirement apartments Retirementmove have for sale to view on Rightmove.co.uk

Or you can view retirement apartments for sale and retirement bungalows for sale on Retirementmove.co.uk.

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