Lifestyle

Retirement Properties In High Demand For South African Retirees

Story Highlights

  • Good Security a Huge Draw
  • Amenities and Facilities a Must
  • Upmarket and Modern

staggering 8.5% of the South African population is over the age of 60, which places a bit of pressure on the housing market.

The ideal retirement location will tick a number of boxes in the list for retirees, which means that these properties are in high demand.

It’s not uncommon for retirement villages and estates to have a waiting list and for those hoping to buy into one of these estates, the price is high.

But apart from cost, South Africans need to bear a few other things in mind to ensure a smooth property purchase and even smoother retirement.

Good Security a Huge Draw

For retirees, one of the reasons they tend to be drawn to retirement villages and estates is the added security. These properties tend to feature access control, security patrols, and even CCTV coverage in the common areas.

While many retirees are still fit and able-bodied, age does bring with it a certain vulnerability: retirees also don’t want to think about their safety all the time and these types of properties allow them to be a little more carefree as many of the activities are included inside the property boundaries, which adds that extra layer of security.

It’s also not uncommon for these properties to have an on-site convenience store for everyday necessities, which spares residents a trip.

Amenities and Facilities a Must

One of the most important factors when choosing a property for retirement purposes is finding a location that can adapt to the various stages of old age. 

Those who are still new to retirement or who have decided on an early golden handshake, may not want or need frail care facilities just yet but may want a property that affords them a more active lifestyle.

As they get older, however, the estate or village will need to cater for the various stages of retirement without encroaching on privacy and lifestyle if not an absolute must, such as assisted living.

It’s necessary to start looking into these properties relatively early on, as the longer the list of amenities, the longer the waiting list too.

Upmarket and Modern

There’s no reason to settle for old and dingy, much like the retirement facilities of yesteryear. Modern retirement facilities are far from dated and offer lifestyle options for those undergoing the various lifecycles of retirement.

Retirees can expect these estates and villages to be in some of the most sought-after areas such as beachfront locations or near forests and eco estates.

This is to ensure that residents spend their golden years in the lap of luxury without having to forego the convenience of access to services that they may require throughout their retirement.

Modern and upmarket are the words used to describe modern retirement solutions, whether opting for an apartment-style setup or eco-resort option.

For retirees, the benefits include knowing that help is on-hand when needed and that they can enjoy carefree retirement in their golden years.

Many of these facilities are also lock-up and go, which means that if they wish to travel, it’s simple and convenient to do so.

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