Vaccinations bring life to the retirement homes market

The retirement properties sector of the housing market has been the hardest hit over the last eighteen months as 'stay at home' warnings and the subsequent restrictions has seen applicant inquiries for sheltered accommodation and assisted living disappear. The success of the vaccination roll-out is encouraging buyers back to the market.

The crazy housing market since the Summer of 2020 has significantly depleted estate agents available housing stock with properties often selling moments after being listed for sale. A quick scroll through Rightmove or Zoopla will exemplify that the one section of the market to miss out on the housing boom are properties identified as 'retirement' be it shared living or sheltered accommodation.

This situation has come about because potential buyers have been confined to the safety of home as COVID-19 has raged it's way through the over 60's age group quite literally removing all customers from the customer base. Now that restrictions have been eased and some normality has returned along with the success of the vaccination roll-out we are starting to see older citizens venture out again and inquiries are increasing for retirement living. Remember many applicants have seen their own property values soar at the same time that retirement properties are very competitively priced, seems like a perfect time to think again about a new life adventure.

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