RJS Solicitors are working with a number of developers on sites around Staffordshire and Cheshire to address an under-supply of rental homes for the elderly.

The shortage nationally was highlighted in an article in The Times (Friday 9^th April), stating how two major investors had formed ‘a retirement living platform’ to tackle the issue.

John Laing Group and Macquarie Capital have set up Brigid Investments to fund rental housing built and managed by McCarthy Stone, Britain’s biggest developer of retirement homes.

RJS managing director, Rob Bailey, said: “The shortage of homes for the elderly is a national problem and from what we are seeing that is certainly the case in Staffordshire and Cheshire.

“We are working with some major developers on numerous sites and it’s definitely a market which has the legs to grow and grow for many years to come.”

The Times article stated the retirement living market was underpinned by an ageing population and low supply.

There are currently 12.2 million people in the UK aged 65 or over, with the number expected to rise by more than 40%, to about 17.4 million, by 2043.