Retirement property is bucking the national trend, with sales climbing 3.8% during May, according to Retirement Homesearch.
While the housing market has seen a significant downturn in recent months, with both Nationwide and Halifax reporting price falls of 2.4% in May, the retirement market has seen average prices rise by 3.7% in the same period. According to Retirement Homesearch data, the price of the average retirement property was £139,597, compared with £134,442 in April. Since May 2007, prices have risen by 5.3% from £132,614. David Gabriel, property sales manager at Retirement Homesearch, comments: “May was one of the best months we’ve experienced for almost a year in terms of the average price of prop...
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