Profit from the ‘grey pound’
Eastern Eye Staff
by ANDY MARINO HOMES AND COMMUNITIES PROVE LUCRATIVE TO INVESTORS THE world is growing older. Demographically, pensioners will one day outnumber the young in the west and this process will not reverse. Eighteen per cent of the UK is already over 65 years old, and that number will reach one quarter of the population by 2050. Meanwhile, life expectancy is still growing, meaning the old will be older for longer. There will be eight million people aged 80 and over by mid-century. They certainly won’t all be living alone, which means one property investment reliably set to become more attractive…
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