Growth in construction of retirement homes

Industry News,New Homes

Growth in construction of retirement homes

by on Monday 3 August, 2015 in Industry News,New Homes


There were more retirement homes registered to be built in the UK…

in the first six months of this year than in the whole of 2014, according to NHBC latest figures.

A total of 2,337 properties specifically designed for the elderly were registered in the first six months of 2015 – outstripping the total of 1,919 which were registered for the whole of 2014.

NHBC_Q2_2015_Quarterly_Stats_Retirement_Homes

Commenting on the latest registration statistics, NHBC Chief Executive Mike Quinton said:

“We are very encouraged to see an increase in the number of retirement homes being registered. It is widely acknowledged that the UK has a shortage of homes for the elderly, which is having a knock on effect on the rest of the housing market.

“Our figures show that 2015 is shaping up to be an encouraging year for new housing growth with new housing registrations up 12 per cent on the second quarter of last year.

“However, we have made clear that while all signs of growth are to be welcomed, the UK is still building way below the volumes of homes that we need. There is a long way to go before our housing crisis is over.”

Mike Jennings, Group Operations Director for McCarthy & Stone, said:

“As the UK’s leading retirement house builder we are encouraged to see a growing number of retirement property registrations. In the first six months of 2015 we have registered 1,850 new retirement apartments with NHBC and we will be investing £2 billion in land and build over the next 4 years, which will deliver around 12,000 new retirement properties.

“However more has to be done to address the needs of last time buyers. There is a chronic undersupply of specialist retirement housing in the UK. We would like to see a national strategy for retirement housing and stronger government policies to support its provision.”

> More detail on NHBC registration statistics for Q2 2015

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