This week, Property Week has featured an article with some predictions for the future of later living.
For example, Knight Frank predicts that the amount of UK private rental accommodation will grow by 150% in the next three years, as demand for a flexible, lifestyle-driven offering grows.
This desire for ‘lifestyle’-driven housing will also be borne out in the continued increase of services offered within senior living developments. An improved food and beverage offering, higher-quality leisure facilities as well as other services and amenities will take centre stage, with discreet care provision (whether it be cleaning services, physio or more dedicated medical care) also available as and when it is needed.
With the fundamentals in place and the property industry now fully in support of senior living as a separate asset class. The challenge is to keep demonstrating to seniors themselves that dedicated developments really are the best way to achieve an independent, sociable lifestyle in their later years.
Read more here Property Week