Real Estate Investor Magazine September 2024 Edition | Page 50
By Neale Petersen
RESIDENTIAL
South Africa ’ s Retirem Property Market
poised for growth amid rising se and lifestyle changes
By Neale Petersen
South Africa ’ s formal retirement property market , accommodating 44 000 households , represents a small but significant segment of the country ’ s housing landscape .
While a majority of seniors currently reside in homes purchased earlier in life , the demand for purpose-built retirement communities is on the rise . This trend is driven by a growing senior population , changing lifestyle preferences , and increasing financial security among older adults .