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.
The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.