The pandemic has changed buyer behaviour across all sectors of the property market, but perhaps the most obviously affected is the retirement sector. For many, lockdown was a foretaste of retirement, with time on their hands; and for those already retired, without work to fill the days the options to pass the time were severely curtailed, with plenty of time for reflection.
Richard Williams of Cognatum said: “After two years with periods of enforced inactivity and solitude, retirees are giving more consideration to how they would like to spend their time. There is a real sense of wanting to make the most of opportunities, so somewhere with a host of things to do on the doorstep is hugely appealing.
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