When councillors in Elmbridge rejected a Guild Living scheme it highlighted a broader problem for the retirement housing sector, says Turley’s David Murray-Cox
Later living is regularly hailed one of the fastest growing sectors in property. An ageing population with an increasing desire to downsize, or seek out more appropriate housing, has resulted in a later living sector that continues to be driven by innovation, with new types of schemes being brought forward right across the UK.
Demand for retirement housing is going from strength to strength, so much so that research continually highlights the imbalance caused by our ageing population and lack of supply, exacerbated by the wide range of differences in planning policies in local plans for this form of provision. The range of policies is further complicated by the local political support which may or may not exist.
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