The impact of housing market dynamics on the Later Living sector

The housing market’s challenges have created a ripple effect on the later living sector, where demand for retirement units has stalled due to a lack of enabling house sales. Construction costs are proving to be particularly challenging, especially for schemes that offer additional facilities. This cost increase, coupled with potential value decreases in some areas, is further impacting the deliverability of later living schemes. Despite these hurdles, there is growing interest from village operators and developers for sites in the Home Counties, particularly those around 10 acres.