New research shows exactly where there is the most retirement housing stock to buy – and the results may surprise you!
According to estate agent comparison site, GetAgent, Portsmouth has the highest level of retirement property available with 5.4% of properties listed in the city falling within the retirement category.
Bournemouth, a town that was for years synonymous with the pensioner generation, drops to second place with 3.8 per cent of its housing stock aimed at the mature end of the market.
Oxford is in third place with 3.4 per cent of its properties designated for retirees, followed by Bristol and Cambridge. The borough of Sutton has the highest level of retirement stock in London at 5.9 per cent, with Redbridge, Bexley and Bromley also home to four per cent or more of the total stock listed for silver homebuyers.
GetAgent, which commissioned the research, discovered that despite its reputation for cold weather, the UK’s silver homebuyer hotspot was Edinburgh in Scotland, with 57.8% of all retirement stock listed already under offer or sold subject to contract.
The website looked at the number of retirement homes for sales across major UK cities and which was home to the highest proportion of retirement property stock, as well as the highest demand for these properties based on the ratio of stock listed on the major property portals, to that which was already sold subject to contract.