When it comes to anticipating trends for 2021, the impact of the ongoing pandemic is most notably seen in the focus on health and technology.<\/p>\n
These trends have filtered through to retirement villages, with residents adjusting their priorities while navigating these challenging and uncertain times.<\/p>\n
\u201cA lot of the trends we\u2019re noticing were already emerging but have gained a lot more traction since the arrival of Covid-19,\u201d said Phil Barker of Renishaw Property Developments.<\/p>\n
\u201cThere\u2019s been a definite spike in interest in those looking to retire earlier, with lifestyle definitely topping the list in terms of features for retirement estates.\u201d<\/p>\n
Here are the 5 biggest trends in retirement to watch out for in 2021.<\/p>\n
1. Holistic wellness<\/strong><\/p>\n People are looking to retire in places that cater to overall wellbeing in terms of mental, physical and emotional health. Rather than tackling problems traditionally associated with old age, estates are supporting an active and engaged \u2018care first\u2019 lifestyle to enhance personal health.<\/p>\n This means the inclusion of relevant sports\u2019 and recreational facilities, the establishment of community-based interest clubs, lifelong learning programmes, and necessary support structures within the retirement estate.<\/p>\n 2. Shift to Life Rights purchase model<\/strong><\/p>\n The financial impact of Covid-19 has spurred interest in the flexible Life Rights purchase model. This allows investors to enjoy exclusive use of the unit purchased for the rest of their lives, at a reduced price.<\/p>\n The deceased estate will get the full purchase price back and the developer retains the house. Although there are no capital gains, the property is purchased at a significant discount.<\/p>\n 3. Establishment of smart homes<\/strong><\/p>\n The archaic image of the \u2018technophobic\u2019 retiree is long gone with the arrival of video calls, streaming videos and user-friendly apps during lockdown. Retirees are taking this even further by interconnecting all devices and creating \u2018smart homes\u2019 that make everyday living that much easier.<\/p>\n To harness the power of smart living, retirement estates are installing fibre optic cabling and ensuring all homes have fast WiFi access.<\/p>\n 4. Online consultations<\/strong><\/p>\n With Covid-19 posing more of a threat to older citizens, social distancing protocols are being strictly followed, and this extends through to health checks.<\/p>\n Rather than risking health by visiting medical centres for routine checks, retirees are opting for video consultations with medical professionals which will, undoubtedly, continue to develop in the future.<\/p>\n 5. The \u2018smartsizing\u2019 lifestyle<\/strong><\/p>\n The Marie Kondo method of simplifying one\u2019s life by only retaining items that bring joy has certainly become a dominant trend when moving into a retirement estate. Rather than \u2018downsizing\u2019, retirees are looking at \u2018smartsizing\u2019, by simplifying and designing living spaces centred on lifestyle.<\/p>\n This generally means more open-plan living, garden spaces and less clutter.<\/p>\n \u201cThe lockdown period and ongoing pandemic have shifted priorities for many people,\u201d continued Barker. \u201cThere is much more consideration about the home space and setting, and the value of living in a beautiful, natural environment.\u201d<\/p>\n
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