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Analysis of resale value and price growth highlights strength of Housing with Care communities
LONDON, 15 May 2017 - Under supply of retirement living accommodation in the mid to upper market tiers and increase in life expectancy is driving strong re-sale and price growth in the retirement living market, according to JLL.
Analysis was undertaken by the firm into the performance of properties in the Housing with Care market, managed by members of the Associated Retirement Community Operators (ARCO) over the past 22 years. This form of housing comprises self-contained units with communal facilities and on-site care. It is the fastest growing form of housing in the retirement living sector.
The key finding is that this form of retirement living accommodation tends to follow UK house price growth. Since 1995 the compound growth rate for Housing with Care has been 6.0%, with an average price difference between sales of just over £41,000. JLL predicts that based on this, a retirement home would double in value in 12 years.
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