McCarthy Stone creates award-winning retirement properties for sale or for rent — but it’s the people that turn our developments into fun-filled, friendly, communities. We are experts at creating spectacular, safe, low-maintenance, private retirement apartments, bungalows and cottages, in superb locations.
Table of Contents
Where are McCarthy and stone based?
A life, well lived… As the UK’s leading developer and manager of retirement communities, we provide high quality homes to exacting specifications. As of November 2021, McCarthy Stone operates 475 developments across the UK for more than 20,000 people.
What are the downsides of McCarthy and stone?
In its properties McCarthy & Stone has created the freehold but has often sold it onto an outside investor which sets service charges to cover maintenance, repairs and insurance. Rights to ground rents are usually sold off too though these are often fixed in the lease. ‘
How do retirement properties work?
A retirement village is a housing development built specifically for older buyers, featuring a range of different property types, including houses, flats and bungalows. They often come with communal areas and onsite amenities such as swimming pools, restaurants and libraries.
Are McCarthy and stone in financial trouble?
Retirement house builder McCarthy & Stone reported a loss of £25m in the first half of the year, with the coronavirus pandemic blamed for sales falling by 44%. The firm reported an underlying loss of £24.8m, down from a profit of £21.3m in 2019.
Who is the CEO of McCarthy & Stone?
Retirement house builder McCarthy & Stone reported a loss of £25m in the first half of the year, with the coronavirus pandemic blamed for sales falling by 44%. The firm reported an underlying loss of £24.8m, down from a profit of £21.3m in 2019.
What are the benefits of buying a retirement home?
There are many benefits of living in a retirement property including being part of a community of like-minded people, finding friendship and companionship, having added security and having the freedom to enjoy doing the things you love – all without having to maintain a house on your own.
Is McCarthy and stone a public company?
This is a very exciting moment in McCarthy & Stone’s history and we look forward to life as a publicly listed Company providing new shareholders with an opportunity to invest in our future.” Deutsche Bank AG, London Branch, is acting as Sponsor, Joint Global Co-ordinator and Joint Bookrunner, Goldman Sachs …
Why are retirement homes not selling?
The Covid-19 pandemic made the market even tougher, as many older people were shielding at home and reluctant to view property. “Retirement homes have always been hard to sell, but in the last year, they have been particularly difficult, if not impossible,” says one agent in Greater London [speaking in spring 2021].
What are the pitfalls of retirement villages?
Reference:
- https://www.mccarthyandstone.co.uk/
- https://www.mccarthyandstone.co.uk/about-us/
- https://en.wikipedia.org/wiki/McCarthy_Stone
- https://www.thisismoney.co.uk/money/news/article-10182583/The-retirement-home-scandal-wiping-life-savings.html
- https://hoa.org.uk/2018/10/pros-cons-buying-retirement-village/
- https://www.insidehousing.co.uk/news/news/mccarthy–stone-falls-into-the-red-as-covid-19-nearly-halves-sales-67190
- https://www.abbeyfield.com/where-to-begin/moving-home/weighing-up-the-benefits-of-renting-or-buying-a-retirement-home/
- https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/raising-equity-finance/market-open-ceremony/welcome-stories/london-stock-exchange-welcomes-mccarthy-and-stone
- https://www.movewise.co.uk/articles/how-to-sell-a-retirement-property
- https://www.dailybeacon.com.au/pitfalls-of-retirement-villages/
