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Retirement living is one of the fastest growing housing markets around the world* including the UK¹, US², Australia³ and New Zealand⁴.
When retirement village living truly came about in the 1980’s the demand was spearheaded by the Baby Boomer demographic who dominated the residence list. At the time, retirement village developers constructed facilities that met the downsizing needs of a generation that experienced war and recession. However, well established villages no longer offer the level of high-quality facilities expected by the new retirement generation. As the early cohorts of Generation X retire, the demand for state-of-the-art living and modern technology is on the increase. Village developers will need to adapt to the changes so retrospective and future facilities meet that demand.
