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The desires of today’s retirees to maintain their independence, work longer and manage their own health are the reasons behind the growing evolution of retirement property. And as their lifestyles continue to change, retirement offerings will have to adapt.

The major difference between the former traditional retirement properties and those being developed today boils down to these lifestyle changes. Craig Scott, chief executive of The Village at Langebaan Country Estate, says retirees want to be able to downscale their homes without sacrificing their lifestyles.

The rising popularity of retirement village living – as opposed to retiring in place (at home) or in an old age home – has been led by baby boomers seeking lifestyle solutions that provide stress-free, affordable and sustainable living, he explains.

Progressive retirement village operators have a clear understanding of today’s retirees’ wants and needs and are setting new standards in their services and facilities. These include the provision of quality health and frail care, security and operations, world-class hospitality and technology, along with village and home maintenance and refurbishment.

And because life becomes most enjoyable when one is freed from the stresses of sustaining their financial resources and maintaining their home, there is a major shift towards the Life Right purchase model.

Bonny Fourie from Property 360 writes : The lifestyles of retirees are changing and the market must adapt. To read more, click here.

The type of work undertaken by Shire is typified by the following examples of projects undertaken: Click here.