Golden Living Sees Signs of Recovery for the Retirement Property Market

PR Log (Press Release) – Jun 26, 2009 – Leeds, UK -- 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.

"We believe that we can help most people move to Golden Living and with assisted move and part exchange packages available we are confident that even in the current climate we can help that dream move become a reality."

For people who wish to find out more information about the golden handshake offer from Golden Living or to book a viewing of the show apartments at Nunthorpe or Brigg they should call the sales team on 0800 085 0855.

More information is also available at www.goldenliving.co.uk

For further information or comment on Golden Living please contact Jenny Walkinshaw at And Partners. Tel: 0161 237 1573, Email: jenny@andmail.co.uk

About Golden Living:
Golden Living, part of Woodford Group PLC, provides privately owned, quality, secure retirement living in carefully selected locations across the north of England.

Made up of one and two-bedroom apartments, the developments have communal areas such as a residents’ lounge, a laundry room and a guest suite. Security is paramount – features include secure door entry, CCTV, 24-hour Careline, a resident estate manager, smoke alarms and emergency lighting. All Golden Living apartments are set in maintained, attractive landscaped gardens.

The company’s headquarters are in Leeds.

About 'Golden Handshake':
Terms and conditions apply.
The discount quoted (£27,000) applies to 2-bedroom apartment number 30 at Roseberry Mews, Nunthorpe. Amounts vary depending on the apartment, however all apartments are discounted from their recent selling price.

The discount applies to apartments at the Golden Living Roseberry Mews, Nunthorpe development only.
The offer is subject to reservation by 31st July 2009.

If a reservation is cancelled the discount cannot be claimed. This offer cannot be redeemed for cash or any other value.
Golden Living reserve the right to change or withdraw this offer at any time.

For further information visit http://www.goldenliving.co.uk.

Contact:
Andrew Barton
Golden Living
Leeds, UK
0161-237-1573
andrew@inspia.co.uk
http://www.goldenliving.co.uk