Thursday, 13 December 2018

Land Costs Holding Back Development Of Retirement Communities


Access and cost of land was the single largest barrier to dedicated retirement communities being developed. Winckworth Sherwood in a survey of 300 housing, health and social care professions asked: what holds back the retirement living market and why the UK has not yet seen the rise of dedicated retirement communities? 28% of respondents told the firm the availability and costs of land are the single largest barrier, followed by a lack of funding (22%). A further 13% blame the cost of development and construction, with 9% saying the planning regime in England. 36% said that large scale retirement villages are still a decade away, with 40% believing we will have to wait at least 20 years. Read more on 24housing.

No comments: