Golden Living Sees Signs of Recovery for the Retirement Property Market

After a turbulent year the housing market and the retirement property market in particular is experiencing much needed improvement according to retirement apartment developer Golden Living. Leeds, UK June 26, 2009 -- The world economic crisis has produced unprecedented market conditions, but changes made in the budget, the desire to help buyers make their dream move and recent new purchases have helped Golden Living lead a recovery in the retirement housing sector. When the government cancelled stamp duty on all property under £175k at the recent budget the housing market received a much

needed boost. This was particularly true for the retirement living sector, which often has buyers looking to downsize their family home into a more manageable apartment.

Golden Living provides privately owned, quality, secure retirement living in carefully selected locations across the north of England. The recent change in stamp duty now means that all apartments at the development in Brigg, Lincolnshire and most of the apartments at the development in Nunthorpe, Cleveland are now exempt from stamp duty. Stephen Daubney, Chief Executive of Golden Living, said: "Many people reach a time in their life where they wish to enact a positive lifestyle change in retirement and the removal of stamp duty will enable more people to make this move.

"There is definitely signs of recovery as a greater number of people are enquiring and purchasing apartments from Golden Living. The developments at Brigg and Nunthorpe are set in ideal locations for a perfect retirement lifestyle and with the introduction of new buying incentives there is clear movement happening again in the retirement housing sector." Among the incentives offered by Golden Living is a golden handshake of up to £27,000 off the cost of a retirement apartment at Roseberry Mews in Nunthorpe. Apartment prices start from £119,950 (with the Golden Handshake discount applied, this price refers to apartments 21 and 22) at the development with significant reductions available by accepting Golden Living's offer – subject to reservation before 31st July 2009.

"At difficult financial times like these it is our responsibility as a company to be sensitive to people's needs and by introducing incentives such as the golden handshake at Nunthorpe we can offer the chance of a dream move where otherwise it may not have been possible," Stephen Daubney continued. The number of apartments sold by Golden Living each month is also showing a healthy increase and with new residents moving in to the developments on a regular basis it is no surprise that the company is positive about the future. Stephen Daubney, said: "It's fantastic to see new people moving in. Mrs Clarkson and Mrs Marshall moved in last month and seem delighted with their decision to move to Golden Living in Brigg. Contact: Andrew Barton, Golden Living, Leeds, UK, 0161-237-1573, andrew@inspia.co.uk