Demand for senior living properties in rural areas on the rise

23 January 2021 | General

There’s expected to be more demand for rural properties from seniors this year, according to White & Sons Estate Agents in Dorking.

Rightmove found there’s has been a substantial 65% increase in the number of buyers looking for a village lifestyle compared to last year.

This shift in behaviour has been created following the pandemic restrictions which have prompted buyers to assess their existing homes and the location where they live in favour of a quaint lifestyle with access to more outdoor space in a rural location.

Tom Witchell, partner at White & Sons Dorking, said: ‘’There has been a huge increase in the number of enquiries for rural homes.

“In Dorking alone, there has been over 25% new buyers and 15% more properties listed in 2020, stemming from the pandemic and post-Brexit pent up demand which has created a unique situation where there is an equal number of buyers and sellers on the market which is not usually the case.

“In 2020, we also saw a considerable change in buyer demographic with the older generation looking to sell their existing home in favour of a community lifestyle and to be closer to their families after experiencing loneliness during lockdown.’’

ARCO, (the Associated Retirement Community Operators) also reports that there has been about 30-50% increase in the number of enquiries into retirement communities.

The coronavirus pandemic has created a frenzy of activity across the mainstream and senior living housing sector in 2020 with more buyers now looking for a new home in a countryside setting and it is believed that this trend will continue well into 2021.

Chris Powell, development director at Lifestory, said: “The pandemic has created a new shift in mindset amongst our senior buyers with the majority looking to live in a community which provides companionship as well as having access to outdoor space.

“Our recently launched Taylor Place community offers the perfect mix of both and has been attracting considerable interest due to its proximity to the abundance of green spaces like Box Hill, Leith Hill and Surrey Hills on its doorstep while being in easy reach to London, all set in a safe and secure community.’’

This post has originally been featured in Property Wire.