Yes, our global population is ageing rapidly – and economists warn it’s going to have a big impact.
According to analysis by Deutsche Bank, this “decreasing fertility” means the world economy may see a significant drop in workforce productivity and participation, stagnant inflation (due to more savings and less investment), and a potentially negative effect on housing prices and home ownership.
Recent research by Zillow showed that countries that had the highest rate of ageing also showed the sharpest spike in house prices.
It makes sense to us.
One thing is clear – we will need more housing to suit our ageing demographics and that is big news for retirement developers.