Now it is time to make the move and sell their property. The market statistics show that movement clearly. The home sales in this specific market segment have increased by 5 points to 58 % during the last year and it is expected that this trend will last.
However, when these elder people sell their homes they need to move to a different home – either a smaller single family home or a condominium. This movement creates a demand either for a purchase or for a lease of a property in a 55+ community.
This particular market segment is constantly growing. This demographic segment of retirees and pre-retirement increases because the people are much healthier and they live longer. The live expectancy is in average 79 years and is moving upwards. All these people need a home for this portion of their lives and that makes this senior market segment very attractive for developers that focus on elder people housing projects.
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