Boomers' accommodation is booming. Investors are keen on
Later Living as an area with incredible demand and limited supply.
So, to ensure you are talking the right lingo, we thought we could
help out with an alphabetical glossary of key terms.
Later Living, as a phrase and a distinct subsector of the
residential property market, is the “catch all” term
used for the assorted types of accommodation available to people in
later life. But what is later life these days? It has arguably
changed as older people have stayed fit, healthy and wealthy for
longer - but the over 55s is where the planning and legislative
system have defined the start or cusp of later life.
This stage of life could span 30 to 40 years and so the
accommodation available is not a one size fits all. Here, we try to
demystify some of the terms used in the sector so that you are
talking the right Later Living lingo.
