The largest and most in-depth poll ever conducted of UK Retirement Community residents and prospective residents pushes the case for such communities as a major investment option for the sector.
Carried out in partnership between data specialist ProMatura International and ARCO (the Associated Retirement Community Operators) the poll took in 2,799 residents from 81 Retirement Communities run by 15 operators – 1,111 older people who were considering a move to a retirement community also took part.
The resulting report says retirement community residents:
- Stay healthier for longer
- Are more active
- Are less lonely
- Have a greater sense of a safety net
- Feel more secure
- Enjoy life more
- Enjoy more privacy
This in comparison to those who had not yet moved but were considering it.
The report also found that:
- 90% of residents thought they had moved into a Retirement Community at just the right time in their lives with 6% wishing they’d moved in sooner
- 71% of residents saw moving in to a Retirement Community as a chance to make new friends
- Retirement Community residents feel more in control of their lives
And the report found residents of Retirement Communities believe that their lives are better now than they were a year ago – by a huge margin.
Michael Voges, Executive Director of ARCO said the report reinforced what members had been seeing on the ground for years.
“It is easy to see why Retirement Communities are set to account for three quarters of all specialist housing for older people within five years, they represent a fantastic offering for increasing numbers of older people and are based on a responsible, sustainable business model which is attracting record levels of investment,” he said.
Margaret Wylde, Chief Executive and founder of ProMatura said: “The evidence here is very strong and hard to argue with – Retirement Communities are an excellent option for older people in the UK, benefiting their health, keeping them active and providing security.
“This is the first time that these questions have been asked on this scale and the data provides vital insight for investors, operators and suppliers in this sector.