The baby boomer generation, which includes individuals born between 1946 and 1964, is the largest in history. As this generation ages, many are hesitant to sell or move out of their homes due to various reasons. One of the primary reasons for this hesitation is the financial benefits associated with owning a home, such as paying off mortgages or enjoying lower rental rates. However, as they grow older, many baby boomers prefer to grow old in their own homes rather than moving into assisted living facilities or nursing homes.
In Switzerland, the high home ownership rate among the baby boomer generation is a result of a time when new home construction was booming. However, as this generation ages, many are hesitant to sell or move out of their homes due to various reasons. Moving is stressful, aging individuals prefer to grow old in their own homes, and financially, they might have already paid off their mortgages or be paying significantly lower amounts than new rental rates.
As the baby boomer generation continues to age and eventually passes on, experts predict that there will be a significant increase in the number of homes being inherited or sold. However, many owners still hope to keep the property within the family. Factors like net immigration rates also affect the real estate market.
Despite these trends, experts recommend that those planning to sell or buy property should consider factors such as densification strategies and interest rate developments when making informed decisions about their real estate investments in old age.
In conclusion, while it’s true that hundreds of thousands of homes belonging to the baby boomer generation will become vacant in coming decades, it’s unlikely that they will be transferred quickly as many hope. In Switzerland and other countries with low home ownership rates compared to Europe and North America
