Futures Forum: Sidford and developers lobbying to exempt retirement complexes from affordable housing obligations
Both in Sidford and at Knowle:
Futures Forum: A tale of two developments > affordable housing in Sidford ... but not at Knowle
Apparently, the sister company of the builder of the Sidford retirement complex is having difficulties, though:
McCarthy & Stone, which specialises in selling homes to older buyers, said there had been a “noticeable decline” in reservation rates since its first quarter with potential buyers exercising “more caution due to ongoing economic uncertainty, a slower secondary market and a softening of pricing...
Housebuilder McCarthy & Stone tumbles 13% on poor sales | Financial Times
Retirement homes boss retires after McCarthy & Stone profit collapse | London Evening Standard
McCarthy & Stone shares slump to record low after profit warning - Telegraph
As reported by East Devon Watch:
RETIREMENT HOME BUILDERS FEELING THE PINCH …
19 JUN 2018
“… Another profit warning at McCarthy & Stone (MCS.L) triggered a sharp share price fall for the UK’s biggest builder of homes for retirees a 18.8 percent decline. …”
Could this be part of the reason?
There are no affordable properties being built at the PegasusLife Knowle site...
Retirement home builders feeling the pinch … | East Devon Watch
The post goes on to quote from what's happening in London - where the builders of retirement housing are being challenged:
Retirement home builders feeling the pinch … | East Devon Watch
The post goes on to quote from what's happening in London - where the builders of retirement housing are being challenged:
Judge rules in favour of Mayor’s threshold approach to housing | London City Hall
However, it seems that the likes of PegasusLife and Churchill - both of whom are building retirement complexes in the Sid Valley - have been successful after all in putting pressure on the London Mayor:
They said imposing affordable housing requirements along with retirement homes for sale made their schemes financially unviable.
However, it seems that the likes of PegasusLife and Churchill - both of whom are building retirement complexes in the Sid Valley - have been successful after all in putting pressure on the London Mayor:
They said imposing affordable housing requirements along with retirement homes for sale made their schemes financially unviable.
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