- UK pensioners are sitting on a stockpile of properties estimated at £400bn (Demos)
- Shortage of suitable retirement homes – 3 million over 60s unable to move
- The Villages Group – Rainbow offers solution
An already established and popular global tourist destination, France has widened its appeal further being ranked world #2 in the Gay Global Travel Index 2013.
Getting older can be much more complex for lesbian, gay and bisexual people as this community is more likely to face the prospect alone or without as much personal support as their heterosexual counterparts. As a result, many lesbian, gay and bisexual people over 55 experience an increased sense of vulnerability and are more anxious about ageing.
- Less than half of LGBT people feel positive about getting older (YouGov)
- 48% of LGBT people feel their sexual orientation has/will have a negative affect on getting older (YouGov)
- First gay active living community in France seeks to abolish loneliness in the older LGBT community
According to the national statistics agency, (INSEE) France’s economy expanded 0.5% during Q2 2013, pulling out of a shallow recession to post its strongest quarterly growth since early 2011.
This positive economic growth has translated into the nation’s property market as an enviable combination of relative price stability and readily available mortgage finance (unlike in the UK) makes French property an attractive proposition for investors who are focussed on return as well as lifestyle.
- France’s economy grew 0.5% in Q2 2013 (INSEE )
- Foreign investors made up 37% of all investments in France H1 2013 (INSEE)
- France’s first gay active living village reports enquiry surge in first few weeks of launching
Foreign investors made up 37% of the volume invested in France throughout H1 2013 report INSEE, confirming their continued appetite for the French market.
Danny Silver, Founding Partner of The Villages Group Rainbow, France’s first gay active living village nestled in the heart of the South Westerly region of Languedoc comments,
“Here at The Villages Group Rainbow we have experienced an overwhelming number of enquiries from across the globe since launching the new project just a few weeks ago with over 10,000 hits on the website – a significant increase in demand compared to last year.
“The overall improvement of the French economy is great news for us here at The Villages, boosting property investor confidence and bringing with it a positive outlook for H2 2013 and beyond.”
Indeed, in addition to investors and second home buyers, France is once again becoming a relocation destination due to low interest rates, easy access from the UK, better weather and quality of life.
One previously marginalised group in particular, the LGBT community, has tapped into the joie de vivre and increasing accepting attitudes towards the “gay and grey” available in France with buyers keen to snap up one of the one level, eco-friendly villas at the new The Villages Group – Rainbow development.
The Villages Group –Rainbow will comprise 107 such villas with full 24-7 hotel concierge services located on the banks of the Canal du Midi in South West France. With active living foremost in mind, the range of on-site amenities includes tennis courts, indoor pool, gymnasium and quality entertainment and cultural programmes.
For more information please contact The Villages Group Rainbow on + 33 1 4007 8625, email email@example.com or visit www.thevillagesgroup.com/rainbow.
For many years now the world’s top tourism destination, France, which attracted a staggering 83 million people in 2012, more than its own resident population, has also been the top vacation choice for US citizens travelling overseas.
The gay community are the newest group to fuel the booming retirement housing market, which already offers developments catering to art enthusiasts, musicians, military veterans and university alumni.
•Over 1.2 million gay and lesbian adults aged over 55 in UK (Stonewall)
•Rise in demand for “gay and gray” housing projects
•The Villages Group – Rainbow is the first gay active living community for over 50s in France
The 100th Tour de France started this weekend and regions throughout France are putting the final touches to their picturesque towns and villages to welcome not just the international cycling stars but tourists from across the globe.
New analysis from Partnership, one of the UK´s enhanced annuity providers, has revealed that when a person retires they can expect their regular income to fall by a significant 38.95% suggesting that those relying primarily on their pension to fund their lifestyle are likely to suffer a nasty shock when they retire so it is imperative that people have back up plans ahead of retirement.
• Pension income expected to fall by 38.95% in the UK (Partnership)
• Cost of living in France 25% cheaper than UK
• Life at Le Village, Canal du Midi, costs just £30 per week for maintenance and all activities (The Villages Group)
Rocketing house prices over the last 15 years have resulted in many UK retirees living in increasingly valuable assets, which have grown almost twice as fast as the average pensioner’s income according to research from the Equity Release Council.