UK retirement market set to take off 60% of the size of Australian market
Englands largest builder of retirement apartments, McCarthy & Stone, has announced it is ramping up its construction activity thanks to growing demand. Unlike Australian retirement accommodation, the UK model is closer to a cluster home...
Englands largest builder of retirement apartments, McCarthy & Stone, has announced it is ramping up its construction activity thanks to growing demand. Unlike Australian retirement accommodation, the UK model is closer to a cluster home concept. (Check them out HERE). McCarthy & Stone currently has 360 cluster home sites with 250 in currently in development, valued at $2 billion. Last financial year they sold 1,527 homes. Research commissioned by the Home Builders Federation found that 25% of people over 60 were interested in buying a retirement property or 3.5 million people. Currently in the UK only has 100,000 retirement properties have been built.
