Investment to pour into baby boomer retirement properties

[William Hull]

What do college aged young adults and retirees have in common? Maybe more than you would think! Just as students move into communities based on common interests, in this case, academics, retirees seem to be following the same trend. In recent years the number of baby boomers moving into communities that are based around elder care have sky rocketed. There are many factors that are contributing to this trend including less responsibilities than owning a large home such as lawn maintenance and other upkeep duties. Another factor that is contributing to this trend is the fact that people are living longer. While this is true, it also leads to the fact that more elderly people are living with chronic conditions. So it would make sense to build communities around medical care that is age specific. The last major contributing factor to this trend is the fact that this generation getting ready to enter retirement is richer than the retirement generations before them. Without going into detail, this generation was born in the right time and the right place to be able to accrue more monetary wealth than the generations before them. This allows them to invest in communities that cater to their specific needs and allows them to get the health care they need in their own homes.

Key Takeaways:

• In the near future, a quarter of the UK's population will be over 65.
• Many retirees are choosing to own homes within communities rather than retirement homes.
• Many services are still provided in these communit, up to and including medical care when they are unable to care for themselves.

"Born into the post-WW2 baby boom these retirees want freedom from the responsibilities of a large home in their later years and are shoring up demand for luxury, condominium style retirement flats."

Read more: http://www.theinvestor.jll/news/emea/05/investment-to-pour-into-baby-boomer-retirement-properties/