
John Tonkiss: Denying older people the chance to downsize is gumming up the housing market
Just 7,500 new retirement housing units are delivered annually, versus Knight Frank’s estimate of a demand for 30,000.
John Tonkiss is the Chief Executive Officer of McCarthy & Stone.
Just 7,500 new retirement housing units are delivered annually, versus Knight Frank’s estimate of a demand for 30,000.
Despite clear demand for more retirement homes, only 162,000 properties have ever been built for ownership, thanks to red tape and other funding issues.