Active living resorts in france for over 50's provide answer to housing shortage
As the over 50's housing market in the UK changes, seeing those entering the 'third age' form the fastest growing demographic group in the country according to the Knight Frank Retirement Housing Report 2010, considerable pressure is being placed on housing for the older generation.
With this in mind, dedicated active living resorts for the over 50's could well present the best option.
The Knight Frank report identifies that older households will represent half of all household growth between now and 2026 having significant impact on existing housing stock. And so, as a result, it is no surprise that the innovative active living Villages already popular in Australia, Scandinavia, the US and New Zealand are providing a viable alternative to this dilemma. With a large proportion of over 50's seeking lower living costs and a better quality of life than ever before, those entering their 'third age' are beginning to turn away from the UK, ranked in lowly ninth position in the Quality of Life Index compiled by uSwitch recently.
France however, topped the ranks affording the earliest retirement age in Europe, the highest proportion of GDP spent on healthcare and the longest life expectancy. Indeed, it's no wonder British over 50's are looking for lifestyle options across the channel.
Danny Silver, expert in French real estate and MD of The Villages Group, comments, "The British over 50's market provides one of the biggest opportunities for growth and it is important that their demand for housing is recognised. Indeed, we at The Villages Group have acknowledged that active living Villages for the over 50's which provide services and amenities that encourage an active, happy and healthy lifestyle focussed around a strong community of like-minded individuals is definitely the way forward."
Indeed, with 80% of the UK's £6.7trn in wealth being owned by baby boomers (those born between 1946 and 1964) the Villages concept in France is set to be a success, offering a practical solution to the housing shortage in the UK as well as providing a fresh alternative and unique lifestyle choice for the active over 50's seeking the perfect lifestyle abroad.