It’s tempting when retiring, to invest in a retirement property, with the idea that our children one day will benefit. Yet all too often as the value of retirement properties fall, so does your investment. Sometimes you’re much better off renting!
In this interesting article from the BBC, we see that half of new-build retirement homes sell at a loss. According to the research, 51% of retirement properties built and sold between 2000 and 2010, and then sold again between 2006 and 2016, suffered a loss in value. For those properties which declined in value, the average loss was 17%. For some, the falls are much steeper.
Read more about it here: http://www.bbc.com/news/business-41200686