With one-bed luxury retirement apartments at Knowle almost certain to cost £300,000 plus with massive service charges, who thought up this gizzard scheme to further incentivise developers such as Pegasus Life!
The development at Millbrook Village in Exeter is advertising one-bed apartments at £325,000 upwards and two-bed properties at £550,000 upwards.
http://www.millbrookvillage.co.uk/available-properties/
No mention of TRULY AFFORDABLE homes to buy or to rent for the poorest of our elderly some of whom may be stuck in council houses paying bedroom tax because there are no suitable properties for them.
Do you think it is a good idea to further assist these developers?
From the article in the Daily Telegraph
“Developers should get cash incentives to build more homes for the elderly, a cross-party committee of peers has said, warning that developers are getting away with building poor quality homes in the rush to meet rising demand for new homes.
They said that while 60 per cent of “household growth in England up to 2033″ will be for those headed by someone aged over 65, just two per cent of current homes in homes in the country were fit for pensioners.
The peers on the select committee on National Policy for the Built Environment said creating more homes for pensioners would free up billions of pounds-worth of large homes for young families.”
East Devon Watch 