Retirement Villages Market Review 2023
Our 11th annual report finds that as New Zealand’s population ages, the need for retirement villages and aged care will increase at a rapid rate, potentially widening the gap between supply and demand.
- Gavin Read
- Hina Imran
This has been exacerbated by the inflationary economic environment, which has impacted the construction cost of retirement villages, reduced availability of materials through supply chain disruptions and the subsequent tight labour market.
Coupled with the pull-back in residential property markets, these conditions have meant that many retirement village operators continued to receive high levels of enquiry through 2022, which support their future development strategies.
Download the New Zealand Retirement Villages and Aged Care Whitepaper to learn more.