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Evening Standard
Evening Standard
Business
Andrea Dean

Downsizing homes: new-build retirement properties across London and the South East

Riverstone retirement living’s first scheme of 190 apartments — priced from £1.15 million —opened in Kensington in June

(Picture: Handout)

As pension age is reached and children have flown the nest, the next step for many people is downsizing. A retirement or age-exclusive development, restricted to residents over 55, 60 or 65, could well be the answer.

Homes in this category are usually low-maintenance, secure and set in convenient locations, providing a ready-made community and extra assistance if needed. Good developers are beginning to appreciate that people in this age group want beautiful, stylish homes that offer them an enviable lifestyle.

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