Luxury-Minded Retirement Residences Market to Witness a Pronounce Growth During 2027

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Luxury-Minded Retirement Residences Market
Luxury-Minded Retirement Residences Market

The luxury-minded retirement residences market is experiencing a significant growth on the global scale, and expected to grow consistently in the years to come. Such residences are bought by the elderly people who have saved a lot of money and in their last inning and want to live their lives in a lavish way. The luxury-minded retirement residences are quite costly properties which are well equipped with the finest amenities and services like terrace gardens, meditation centres, reading lounge, library, common meeting zones, gym & spa facilities, cultural rooms, and others.

Market scope and structure analysis

 

           Report Metric                                      Details
  Market size available for years   2020–2027
  Base year considered   2019
  Forecast period   2021–2027
  Forecast units   Value ($ U.S.)
  Segments covered   Type, End User, and Region
  Regions covered North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)
  Companies covered Gateway Real Estate Management, Mantri Developers, Ashiana Housing, Silver Fox Condominiums, Paranjape Schemes, Riverdale Retirement Resorts, Allied-Orion, BPM Senior Living, Essex Corporation, Rakindo Group

 

COVID-19 Scenario Analysis: 

  • The lockdown within various countries due to COVID-19 actually hit whole of the real estate industry.
  • Both of the real estate sectors i.e. residential and commercial are badly hit in terms of launches, sales, and prices.
  • Post COVID-19 growth in the industry is expected to slowdown for some period as industry is going through acute crisis of working capital, which is considered to be an essential component to restart the businesses.
  • Luxury-minded retirement residences have gained popularity among the old age people; therefore, the market growth is anticipated to improve after worldwide release of the lockdown situation.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in awareness among old age population to live a comfortable lavish life after retirement is one of the prominent reasons which is affecting the growth of the luxury-minded retirement residences. With comfy residential facilities, such residences have vast amount of other offerings to serve the customers.

This industry of luxury-minded retirement residences is much of the customer-centric and is known for the hospitality and comfort served by them to the old age groups. This industry is experiencing growth due to the increased demand for social and recreational activities among older population in the free time after the retirement.

The cost of the luxury-minded retirement residence is much higher than the normal residence which could hamper the growth of this industry. However, change in the lifestyles and the way people want to spend their savings are some of the factors expected to boost the growth of the market.

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Multiple options to choose from 

Major players are coming up with various options for the customers in the domain of luxury-minded retirement residence to meet their demands. The options like townhouses, bungalows, and condominiums are built up in large and small settings to serve the market demands and expectations of the consumers.

Incorporating Technology

By understanding and analyzing the present scenario most of the major players are incorporating technology to deliver best of the services. Luxury-minded retirement residences are under the surveillance of closed-circuit camera security to ensure the safety of the aged population. Wi-Fi services are also being offered throughout the residential premises to surf internet without any issues. Some of the players also offer technology classes on the topics related to internet research, social media, and emailing to help people become more tech savvy.

Key Segments Covered:

  Segments Sub-segments
  Type
  • Villas
  • Bungalows
  • Townhouses
  • Others
  End User
  • Male
  • Female

Key Benefits of the Report:

  • This study presents the analytical depiction of the global luxury-minded retirement residences industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global luxury-minded retirement residences market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global luxury-minded retirement residences market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global luxury-minded retirement residences analysis based on competitive intensity and how the competition will take shape in the coming years.

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